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KSi Daily Report: Friday, 19 August 2016

Both Kina Securities stock indices declined on Friday’s POMSOX trading session amid an active trading session. The Kina Securities main index or KSi was down 0.31 points (-0.01%) to 4,747.38 points. Likewise the Kina Securities Home Index or KSHi fell 9.85 points or 0.10% at 10,202.35 points.

One stock fell among other stocks that were unchanged.

On the downside, Bank South Pacific Ltd (BSP) was down by 1toea to end at K8.65.

Other stocks traded were Credit Corporation Ltd (CCP) and Oil Search Ltd (OSH) at K1.68 and K17.50 flat respectively.

The day’s trading session recorded a total of 23,568 shares valued at K56,897.96.

U.S stocks ended higher Thursday, boosted by a further rise by oil futures and strong economic data as the Dow Jones Industrial Average rose 23.76 points or 0.13% at 18,597.70 points. Japan’s Nikkei share average edged higher on Friday as the strong yen trend paused, but gains were limited as many were cautious before next week’s global meeting of central bankers. The Nikkei rose 59.81 points or 0.36% at 16,545.82 points. The Australian stock market was flat following the modest gains overnight on Wall Street as investors digested mixed corporate earnings results. The benchmark S&P/ASX 200 index added 2.70 points or 0.05% at 5,510.50 points.

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