POMSoX closed the week’s trading on a quite note with both Kina Securities indices managing to close high. The Main Index KSi was up a mere 0.31 points or 0.01% at 4,795.89 points likewise the home index or KSHi collected 9.85 points or 0.09% at 10,675.09 points.
Only one stock gained with no other trades recorded.
The sole trader and winner for the session was Bank South Pacific Ltd (BSP) up 1 toea to K9.00, registering a total volume of 4,806 units valued at K43,254.00 for Friday’s trading.
In off-shore news, U.S. stocks extended a post-election rally in overnight trading, finishing higher after Federal Reserve Chairwoman hinted at a December interest-rate hike, and a batch of optimistic economic data painted an encouraging picture of the U.S. economy. The Dow Jones Industrial Average climbed 35.68 points, or 0.2%, to 18,903.82 points. The Japanese Nikkei share average rose to a 10 month high on Friday as the yen weakened further against the surging dollar, raising prospects for better –then-expected exporter earnings. The Nikkei ended 104.78 points or 0.59 % higher at 17,657.41 points at close today. The Australia market has followed the upward trend with the S&P/ASX 200 benchmark index up 20.90 points or 0.39% at 5,359.40 points with Telstra was once again the standout performer on Friday, adding 1.9 per cent to $4.93, bringing the week’s gains to 4.5% as it bounced off three-year lows.