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KSi Daily Report: Friday, 07 October 2016

Friday’s POMSOX trading session saw both Kina Securities Stock indices headed in opposite directions. The Kina Securities main index KSi was up 5.55 points or 0.12% at 4,776.52 points. Kina Securities Home Index or KSHi declined 6.09 points or 0.06% to 10,641.73 points.

Two stocks fell versus another that gained.

Credit Corporation Ltd (CCP) attributed to the positive movement with the increase of 5toea to end high at K1.90. The company also announced its share buyback price increase from K1.85 to K1.95 today.

On the downside, Bank South Pacific Ltd (BSP) closed 4toea lower at K8.96 followed by Oil Search Ltd (OSH) at K17.02, down by 2toea.

Kina Securities Ltd (KSL) was the only other stock traded flat at K2.70 at the close.

Today’s session registered a total of 22,562 shares at a monetary value of K73,350.26.

In off-shore market, U.S stocks flatlined as investors abstained from making big best ahead of Friday’s much-anticipated September jobs report. The Dow Jones Industrial Average shed 12.53 points to finish at 18,268.50 points. Japanese stocks slipped amid investor caution before impending U.S jobs report as the benchmark Nikkei closed at 16,860.09 points. The Australian share market edged lower with gains by financial stocks only partially offsetting weakness in mining. The benchmark index S&P/ASX 200 was down 17.6 points or 0.32% at 5,465.40 points.

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