KSi Daily Report: Monday, 16 December 2013

The Kina Securities main index opened the week on a positive note amid a very quiet session on POMSoX. The KSi collected 0.88 points (+0.02%) to3,877.31 points. Meanwhile, there was no gain for the home-listed stocks which caused the home index or the KSHi to remain flat at 8,215.70 points.

Oil Search Ltd (OSH) collected a toea to close at K17.56 but the dual listed stock in ASX declined 10 cents at $7.93 today. This was the only stock traded for the session with a total of 400 units at K7,024.00
In New York, stocks closed almost flat on Friday with The Dow Jones Industrial Average adding 15.93 points, or 0.1%, to 15,755.36 points after a choppy session, pressured by speculation that strong recent economic data and the U.S. budget deal will push the Federal Reserve to taper its stimulus measures next week. Meanwhile,a firmer yen weighed on Japanese shares, with the Nikkei Average down 240.31 points (-1.2%) at 15,162.80 points today, overshadowing a mixed outcome from the Bank of Japan’s quarterly survey. Australian shares were also flat despite banking stocks sold off. The S&P/ASX 200 was 8.80 points lower (-0.17%) at 5,089.60 points today.

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