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KSi Daily Report: Friday, 21 October 2016

Friday’s POMSOX trading session ended on a positive note for a second consecutive session. The Kina Securities Main index KSi was up 49.16 points or 1.03% to 4,813.86 points. Meanwhile, the Kina Securities Home Index KSHi declined 9.85 points or 0.09% to 10,648.95 points.

Oil Search Ltd (OSH) was the winning stock for the day. The stock edged up 50toea to end higher at K18.00.

Bank South Pacific Ltd (BSP) declined by a toea to close lower at K8.97.

Total shares registered were 7,482 shares worth K125,257.71.

U.S stocks closed with modest losses in overnight trading following as Telecom stocks declined with the Dow Jones Industrial Average shed 35.00 points or 0.19% to 18,073.00 points. The Australian share market declined following weak cues from Wall Street and lower commodity prices as the benchmark S&P/ASX was down 28.00 points or 0.51% to 5,414.10 points. Japan’s Nikkei share average edged down in choppy trade snapping a five-day winning streak on profit taking as the benchmark Nikkei fell 50.91 points or 0.30% to 17,184.59 points.

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