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KSi Daily Report: Monday, 09 February 2015

Despite an active trading on Monday, POMSOX trading was mixed, with the Kina Securities main index heading lower while the home index advanced. The KSi dropped 46.69 points or 1.28% to 3,614.78 points and the KSHi collected 1.41 points to 9,992.19 points.

There were 23 trades registered amid one stock that rose versus two that fell today.

Pharmaceutical retail stock City Pharmacy Ltd (CPL) recouped a toea, ending at K1.40.

The downfall came from mining stock Oil Search Ltd (OSH) ending at K17.01, giving up 49toea. Marengo Mining Ltd (MMC) shed a toea to close at 4toea.

Financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) ended flat at K7.35 and K2.60 respectively.

Shares registered for today was 153,228 units at Kina value of K127,368.58.

In overseas news, U.S. stocks finished lower on Friday as investors shrugged off a strong jobs report, which had provided a lift earlier in the day, and turned to fresh concerns about Greece’s uncertainty. The Dow Jones Industrial Average dropped 60.59 points, or 0.34%, to close at 17,824.29 points. Japan’s Nikkei share average edged up on Monday as the yen weakened against the dollar despite strong U.S. jobs data, but gains were limited as weak Chinese trade numbers capped risk appetite. The Nikkei ended up 63.43 points or 0.36% higher at 17,711.93 points. The Australia’s benchmark share index ended red after 12 consecutive sessions of gains on Monday as the longest winning streak in its history. Local shares fell after not-so-positive performances in global fronts over the weekend, while political uncertainty weighed on investor sentiment as Prime Minister Tony Abbott narrowly escaped facing a leadership spill. The Australian benchmark S&P/ASX 200 Index slipped 5.30 points or 0.09% to 5,814.90 points Monday.

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