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KSi Daily Report: Friday, 24 November 2017

The week closed on a positive note as both stock indices gained ground on Friday’s POMSOX trading session. The Kina Securities main index KSi added 2.73 points or 0.05% to finish at 5,292.95 points and similarly the Kina Securities Home Index KSHi rose 49.25 points or 0.45% to close at 11,086.93 points.

Bank South Pacific Ltd (BSP) was the sole gainer, adding 5toea to close higher at K9.55.
Meanwhile, junior cap explorer Highlands Pacific Ltd (HIG) evened out at 16toea flat at the close.

The day’s trading recorded a volume of 45,340 shares worth K12, 090.25.

U.S stocks struggled to make much headway as traders steered away from making any big trading bets, focusing on Thanksgiving Day feasting instead. The Dow Jones Industrial Average posted modest declines of 0.27% or 64.65 points to finish at 23,526.18 points. Japan’s Nikkei share average fell after exporters were sold while Mitsubishi materials dived. The Nikkei declined 0.4% to 22,428.83 points after the national holiday. A gathering recovery in resources stocks boosted by a jump in iron prices helped the ASX overcome selling in the major banks and left shares moderately higher over the week. The S&P/ASX 200 index eased 4 points to end at 5,983 points, trimming the week’s gains to 25 points.

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