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KSi Daily Report: Monday, 19 September 2016

Both Kina Securities Stock indices were unchanged upon return from the PNG Independence weekend. The Kina Securities main index, KSi was unmoved at 4,782.52 points while the Kina Securities Home Index or KSHi was steady at 10,571.91.

Leading banking and financial stock Bank South Pacific Ltd (BSP) was the only stock traded today. The stock was unmoved at K8.95, registering a total of 1,153 shares worth K10,319.35.

U.S stocks ended lower in overnight trading with weak oil prices pressuring energy shares, as anxiety ahead of next week’s central bank meetings weighed on sentiment. The Dow Jones Industrial Average shed 89 points or 0.49% at 18,124 points. Japan’s Nikkei share average bounced back from a three-week low as Apple-related shares rose on strong sales and bank led gains with the Nikkei rose 0.7% to 16,519.29 points. The Australian share market was down amid lower commodity prices, central bank concerns and after a delayed start to trading. The benchmark index S&P/ASX 200 was down 19.7 points or 0.37% to 5,277 points.

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