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KSi Daily Report: Monday, 18 November 2013

Kina Securities main Stock index, the KSi, was weaker on Monday after losing 22.50 points (-0.58%) to 3,830.03 points. However, the Home index, or the KSHi, remained unmoved at 8,594.80 points.

There was a single loss registered on POMSoX today.

Oil Search Ltd (OSH), the oil and gas stock lost 1toea to K17.01 today.

Stocks traded unchanged were led by the financials in terms of trading value, Credit Corporation Ltd (CCP) at K2.60 flat, followed by Bank South Pacific Ltd (BSP) which ended at K7.66. Marengo Mining Ltd (MMC) stayed at 18 toea and Kina Asset Management Ltd (KAM) finished strong at K1.10.

The day’s trading session registered a volume of 26,418 shares at a value of K80,546.00

In New York, U.S stocks improved as the Federal Reserve Chairman Bernanke dropped interest rates towards zero to end yet another economic crisis. The DJIA surged 85.48 points higher, 0.54% closing at 15,961.70 points.
Japan’s Nikkei held steady near a six-month high on Monday as profit-taking in outperformers offset the gains in financials which were fuelled by recent strong quarterly results. The Nikkei ended lower by a mere 1.62 points (-0.01%) at 15,164.30 points. In Australian, falls by financial stocks have kept the share market in negative territory despite positive offshore leads. The S&P/ASX 200 completed 17 points lower (0.32%) at 5,384.70 points.

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