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KSi Daily Report: Friday, 29 January 2016

The POMSOX trading session gained grounds on Friday. The Kina Securities main index KSi was up 24.26 points or 0.72% to 3,380.10 points meanwhile the Home Index KSHi maintained at 9,326.62 points.

The positive movement in the main index was attributable by Oil Search Ltd (OSH) which added 24toea to close at K14.30. On ASX, the stock closed at $6.50, up 40cents.

Bank South Pacific Ltd (BSP) completed at K7.48 unchanged.

Total shares registered were 8,156 units at a monetary value of K108,460.44.

In markets abroad, U.S stocks finished higher Thursday, boosted by a jump in oil prices along with an earnings-driven surge in the shares of Facebook Inc and Under Armour Inc. The Dow Jones Industrial Average rose 125.18 points or 0.79% at 16,069.64 points. Japan’s Nikkei share average rose more than 3 percent in volatile trade after BOJ unexpectedly eased monetary policy further by introducing a negative interest rate policy. The Nikkei rose to 17,518.30 points by 476.85 points or 2.80%. The Australian share market ended on a high note after a fitful session of ups and downs, helped by the four big banks steering the bourse out of the red. S&P/ASX 200 rose 29.36 points or 0.59% at 5,005.52 points.

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