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KSi Daily Report: Friday, 29 November 2013

Both Kina Securities stock indices recovered yesterday’s loses, closing the month of November on a positive note. The main index or KSi added 17.88 points (+0.47%) at 3,857.39 points, similarly the home index or KSHi collected 5.85 points (+0.07) completing high at 8,224.61 by close of market today.

Friday’s trading recorded two gains with no loses.

The winners for the session were Bank South Pacific Ltd (BSP) recouping a toea back up at K8.00 and Oil Search Ltd (OSH) making an impressive gain of 20 toea ending K17.31.

Stocks traded however remained unchanged were Credit Corporation Ltd (CCP) and City Pharmacy Ltd (CPL) at K2.60 and K1.95 respectively.

Today’s trading session registered a total of 8,926 shares with a combined volume of K40,034.74 points today.

In overseas news, U.S. market were closed overnight to observe Thanks giving day. Asian stock markets drifted in thin volume Friday, with profit-taking pulling Japanese shares down from a near six-year high hit in the prior session. Japan’s Nikkei stock average slipped 65.25 points (0.42%) at 15,661.87 points on Friday. Meanwhile, The Australian share market has closed slightly lower on a day marked by a sharp fall in Grain Corp shares after the federal government blocked a foreign takeover. At close of market today, The benchmark S&P/ASX200 index was down 14.3 points, or 0.27% at 5,320.00 points.

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