KSi Daily Report: Monday, 20 January 2014

POMSOX stock opened the week on moderate trading with stable performance. The Kina Securities main index, or KSi, added 2.32 points, 0.06% ending at 3,872.05 points. However, the Home Index or the KSHi declined 5.32 points, 0.06, closing at 8,210.38 points.

One stock fell along with another that rose for the session. The rest were unchanged.

Bank South Pacific (BSP) traded a toea lower at K7.98. Oil Search Ltd (OSH) jumped 3 toea to K17.55.

Stocks that traded on a flat ground were New Britain Palm Oil at K15.00 amid thin trade. City Pharmacy Ltd (CPL) traded at K1.95 in comparatively high volume.

Today’s trade registered a total volume of 40,321 shares at a value worth K200,668.59.

In overseas, the Dow Jones Industrial Average of New York climbed higher at 41.55 points (0.25%) on Friday undercut by moderate earnings reports and closed at 16,458.56 points. On Monday, Asian stocks fell after China’s economic growth slowed in the fourth quarter as reported. Japan’s Nikkei share average slipped to a one-week low as investors avoided taking risks on the weak yen. The Nikkei ended 0.6 percent lower at 15,641.68. The Australian sharemarket also closed almost flat with S&P/ASX 200 falling 10.82 points, 0.20% ending at 5,295.05weigh down by mining stocks.

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