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KSi Daily Report: Monday, 04 January 2016

POMSOX opened the New Year in positive spirit today. The Kina Securities main index, the KSi, gained 74.79 points or 2.19% at 3,492.30 points. Meanwhile the Home Index or the KSHi was steady at 9,599.58 points.

Two stocks were traded; One gained while the other ended flat.

A dual-listed oil and gas miner Oil Search Ltd (OSH) advanced 74 toea to K14.80 up 74 toea, as the same stock tipped 8 cents to $6.78 with an intraday high of $6.87 on ASX.

Newcrest Mining Ltd (NCM) had traded however remained unchanged at K26.00 by close of market today.

The first New Year trading day registered a light volume of 2,121 shares at value of K35,904.40.
U.S. stocks ended the final trading day of 2015 without a bang Thursday, as the Dow Jones Industrial Average snapped multiyear winning streaks. The Index dropped 178.84 points, or 1%, to finish the year at 17,425.03, led by a 1.9% slump in shares of Apple Inc. In Asia, Japan’s Nikkei share average tumbled a massive 600.72 points or 3.16% at 18,432.99 points on Monday after weak China factory activity surveys. Likewise, the Australian shares closed lower on its first trading day in 2016, in the wake of a weak lead from US markets and profit-taking by investors. At close today, the benchmark S&P/ASX200 index was down 25.40 points, or 0.48%, at 5,270.5.

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