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KSi Daily Report: Monday, 02 May 2016

The second day of May was quiet with the Kina Securities Main index closing positively. The KSi was up 3.06 points or 0.08% to 3,954.93 points while the Kina Securities Home Index KSHi was steady at 9,112.94 points.

PNG’s leading oil and gas Oil Search Ltd (OSH) was the only stock traded today. The dual-listed stock gained K1.99 to close high at K17.00 while on ASX it ended at $7.10, up $1.07.

Monday’s trading recorded a light volume of 900 shares valued at K15,300.00

In markets offshore, U.S stocks finished with a weekly loss in overnight trading as the Dow Jones Industrial Average declined 57.12 points or 0.32% to 17,773.64 points. Japanese stock indexes tumbles to near a three-week low after the yen hit a fresh 18-month high against the dollar. The Nikkei share average slumped 583.79 points or 3.50% to 16,082.26 points. The Australian share market traded lower as a disappointing half-year earnings report from Westpac weighed on the financial sector. The benchmark index S&P/ASX 200 shed 13.22 points or 0.25% to 5,239.00 points

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