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KSi Daily Report: Friday, 20 December 2013

POMSoX trading was moderately active for the last trading session of the week amid stable performance. The Kina Securities main index, the KSi, was unchanged at 3,871.54 points and similarly, the Home index or the KSHi was also flat at 8,174.22 points.

There were five stocks traded today but all without any change to their closing prices from yesterday; Bank South Pacific Ltd (BSP) remained at K7.98, followed by Credit Corporation Ltd (CCP) completing at K2.50 even. Meanwhile Oil Search Ltd (OSH) maintained its strong price of K17.53 and City Pharmacy Ltd (CPL) closed K1.95 flat. Marengo Mining Ltd (MMC) also traded at 16 toea unmoved.

Today’s trading recorded a very light volume of 38,575 shares at a value of K65,754.65.

U.S. stocks recovered overnight as investors shrugged off disappointing housing, manufacturing and employment reports, sending the Dow Jones Industrial Average to a record closing. The DJIA hit an intraday record of 16,194.72 and later closed at 16,179.08 up by 11.11 points, or 0.1%. Japan’s Nikkei share average edged down 25.81 points or 0.16% at 15,833.41 points on Friday, as investors booked profits before the long weekend, ahead of the Bank of Japan meeting later in the da. The Central Bank is expected to maintain its easy monetary commitment. Australian Shares continued to rally as the banks benefit from the US Federal Reserve’s decision to dilute its stimulus measures, and Telstra hits a near nine-year high at $5.20 today. The S&P/ASX200 index was up 6.3 points, or 0.12% at 5,265.20 points today.

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