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KSi Daily Report: Monday, 14 October 2013

POMSOX stocks opened the trading week on Monday on a steady note as two stocks out of three that traded made gain. The KSi, the main index advanced to 4,048.96 points, up102.67 points and likewise, the Kina Securities Home Index or KSHi collected 114.88 points to end at 8,289.98 points.

Two stocks registered gains with no stock that lost for the session.
The Agricultural holding company New Britain Palm Oil (NBO) led the advance by closing 58 toea higher on the market, ending at K15.58.

The Nation’s leading financial institution Bank South Pacific (BSP) completed at 3 Toea higher at K8.03.
Marengo Mining Limited (MMC) closed unchanged at 21 Toea.

Monday’s trading registered a total of 10,872 shares at a value of K12,760.28

In the overseas market, U.S stocks improved by climbing on Friday with the Dow Jones Industrial Average closing at 111.04 points or 0.73% higher ending the market at 15,237.10 points. Asian stocks generally advanced today, despite unexpected drop in exports from China and the threat of default by U.S Treasury. The Nikkei surged 210.03 points (+1.48%) closing at 14,404.70 points. The S&P/ASX 200 slipped 23.01 points lower ending at 5,207.86 points .

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