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KSi Daily Report: Monday, 04 September 2017

Monday’s POMSOX trading session saw both stock indices unchanged amid moderate trading. The Kina Securities main index KSi was maintained at 4,986.55 points and likewise the Kina Securities Home Index KSHi was unmoved at 11,104.30 points.

Financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both evened out at K9.60 and K1.78 flat respectively.
Followed closely by energy stock Oil Search Ltd (OSH) which was steady at K17.00.

The day’s trading transacted a substantial volume of 502,870 shares valued K4,844,229.94.

In other news, U.S markets closed modestly higher after jobs data report dents rate expectations as the Dow Jones Industrial Average rose 39.46 points or 0.18% to 21,987.56 points. Japan’s Nikkei share average stumbled after North Korea conducted its powerful nuclear test yet, slipping 178.78 points or 0.91% to 19,512.69 points. Australian stocks were lower after the close as losses in the utilities, healthcare and IT sectors led shares lower. The S&P/ASX 200 benchmark index fell 22.59 points or 0.39% to 5,702.00 points.

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