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KSi Daily Report: Monday, 22 February 2016

Monday’s trading session saw the Kina Securities stock indices opened on a slightly positive note amid active trading on POMSOX. The main index or the KSi was up 1.01 points or 0.03% high at 3,370.99 points, but the home index KSHi remained unchanged at 9,343.48 points.

There was one stock that gained on POMSOX, against none that lost.

Dual-listed oil and gas stock Oil Search Ltd (OSH) added a toea to end at K14.21. On ASX, the stock gained 12c to close at $7.25.

Bank South Pacific Ltd (BSP) traded even at K7.50, followed by junior cap miner Highlands Pacific Ltd (HIG) at 20toea flat.

Today’s session transacted a considerable volume of 280,485 units valued at K111,985.29.

In overseas news, US stocks were ended little changed after crude oil futures fell. The Dow Jones Industrial Average fell 21.44 points or 0.13% lower at 16,391.99 points. Japanese stocks rose in choppy trade as the dollar strengthened against the yen, which helped exporters trim earlier losses and buoyed overall market sentiment. Nikkei share average advanced 166.00 points or 1.04% higher to 16,133.17 points. Australians share market closed nearly one per cent higher, boosted by stronger regional markets, rise in iron ore price and some encouraging corporate earnings reports. The bourse finished above a comforting level of 5,000 points based on a macro and domestic factors. S&P/ASX 200 benchmark index was up 48.43 points or 0.98% to 5,001.22 points today.

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