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KSi Daily Report: Monday, 21 March 2016

There was no trade done on POMSOX today, and thus both Kina Securities stock indices stayed unchanged. The main index or KSi remained at 3,779.90 points and likewise, the Home index or KSHi was at 9,113.92 points.

Kina Securities Ltd (KSL), the dual-listed financial and banking stock was maintained at K2.40 in PNG stock market. In ASX, it closed 2.5cents lower at 91cents.

In overseas news, The Dow industrials rallied on Friday, buoyed by an advance in health-care and financial stocks that helped shares notch a sixth straight week of gains. The DJIA gained 120.81 points, or 0.7%, to close at 17,602.30 points. Meanwhile, The Japanese stock market was closed in observance of Spring Equinox Day. The Australian share market closed lower, hurt by falls across financial and retail stocks after a strong three-week run on the market. Bucking gains on Wall Street, the benchmark S&P/ASX 200 index closed 16.5 points down or 0.32% lower as investors banked some profits.

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