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KSi Daily Report: Friday, 28 November 2014

Friday’s trading session was moderate as both Kina Securities indices both ended on negative territories. The main index KSi shed 15.68 points or 0.43% to 3,646.78 points. meanwhile, the home index also declined 58.30 points or 0.59% to 9,839 points.

One out of four stocks that transacted today lost compared to nil gains.

The stock that lost for the session was energy stock Oil Search Ltd (OSH), closed lower 14 toea lower at K17.51.
Unmoved stocks were led by financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.19 and K2.55 flat respectively. Followed by agricultural stock New Britain Palm Oil Ltd (NBO) at K27.95 even.

Total shares traded today was 25,216 units at a share value of K66,148.60.

In overseas news, US stock marwere closed to celebrate Thanksgiving day will reopen on Friday for a shortened session. Meanwhile, Japanese stocks gained ground on Friday as a weaker yen helped exporter stocks, while falling oil prices were seen as likely to stimulate global demand, supporting investor sentiment. The Nikkei benchmark rose 203.81 points (+1.18%)to 17,452.26 points. However, The Australian The ASX 200 fell 87.90 points or 1.63% at 5,313.00 points today, after Energy stocks followed a plunging oil price and dragged shares lower, with banks also contributing to a broad-based sell-off.

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