KSi Daily Report: Friday, 20 March 2015

Friday session on POMSoX saw the Kina Securities main Index, the KSi, fall 47.14 points or 1.29% ending at 3,600.61 points after key stock weakened while, the home index, KSHi, remained at 9,744.14 points.

There was only one stock that lost on today’s session.

PNG’s leading oil and gas company Oil Search Ltd (OSH) attributed the loss as the stock lost 50 toea to close at K16.50.

Unchanged stock for the session were the Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) as both financials closed K2.60 and K7.35 respectively.

Total volume registered today was 25,915 units at a share value of K111,716.65.
U.S. stocks pulled back in overnight trading taking a breather a day after a Federal Reserve-inspired rally. The Dow Jones Industrial Average fell 117.16 points, or nearly 0.7%, to end at 17,959.03, as oil prices dropped and energy stocks helped lead the way lower. The blue-chip gauge had been down by as much as 142 points. However In Asia, Japan’s Nikkei share average gained 83.66 points or 0.43% at 19,560.22 points in choppy trade Friday and gained for a sixth week on expectations for better shareholder returns. Likewise, The Australian share market has closed higher, edging towards the 6000 point level, not seen since early 2008. By close of Friday’s session, the benchmark S&P/ASX200 index was 24.70 points, or 0.42% higher at 5,975.50 points.

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