POMSoX trading opened the week on a mixed note as two major stocks headed in opposite directions today. The Kina Securities index or KSi collected 50.33 points or 1.42% to 3,606.57 points. However, the home index or KSHi was lower by 9.85 points or 0.10% at 9,781.87 points.
One stock gained against an equal number of loss.
The oil and gas producing stock, Oil Search Ltd (OSH) completed 50 toea higher at K16.50 today despite a falling ASX market price of 25 cents at $7.47 amid a dropping world oil price.
On the down side Bank South Pacific Ltd (BSP) closed a toea lower at K7.43.
Monday’s session recorded a total volume of 32,601 shares valued at K250,778.44.
In overseas news, U.S. stocks closed lower on Friday as markets were under pressure following concerns over Greece’s debt drama. The Dow Jones Industrial Average dropped 140.53 points, or 0.8%, to 17,898.84 points. Likewise, Japanese share prices dipped on Monday on worries over the deadlock between Greece and its creditors. The Nikkei share average fell 19.29 points or 0.10% to 20,387.79 points. The Australian share market followed the downward trend with the benchmark S&P/ASX200 index dipping 9.40 points, or 0.17% to 5,535.90 points on the back of wall street losses and falling metals prices.