KSi Daily Report: Monday, 23 February 2015

Monday’s trading session was active as both Kina Securities Indices recouped losses, landing on positive territories. The main index KSi rose 57.10 points or 1.59% to 3,651.67 points, while the Home Index KSHi surged 159.20 points or 1.65% to 9,798.62 points at the close.

There were three stocks that gained against nil losses.

Winning stocks for the day were led by Bank South Pacific Ltd (BSP) at K7.45, adding 30toea. Mining stocks Newcrest Mining Ltd (NCM) and Oil Search Ltd (OSH) both closed higher ending at K25.00 (+K1.00) and K17.01 (+1toea) respectively.

Credit Corporation Ltd (CCP) and junior cap miner Marengo Mining Ltd (MMC) were unmoved, closing at K2.60 and 4toea flat respectively.

Total trades registered a substantial volume of 93,069 shares valued at K152,730.16.

In overseas news, a deal giving Greece more time to repay its debts swung the U.S. stock market higher Friday and drove it to a record high. The Dow Jones industrial average rose 154.67 points, or 0.86% to 18,140.44 points. Likewise, Japan’s Nikkei share average hit a new 15-year high on Monday after euro zone finance ministers reached a deal to extend heavily indebted Greece’s financial rescue by four months. The Nikkei was up 134.62 points or 0.73% at 18,466.92 points, its strongest level since May 2000.The Australian share market followed the upward trend closing higher, with the big banks offsetting falls among the miners. At the close on Monday, the benchmark S&P/ASX200 index was 26.5 points or 0.45% higher at 5,908.00 points.

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