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KSi Daily Report: Monday, 25 November 2013

The Kina Securities main index opened the week on a positive note as one key stock on POMSoX advanced. The KSi collected 3.50 points (+0.09%) to 3,835.77. Meanwhile, there was no gain for the home-listed stocks which caused the home index or the KSHi to remain flat at 8,229.93 points.

Oil Search Ltd (OSH) sought up 4 toea to close at K17.06 as the dual-listed stock has been trading at $8.30s range in ASX.

Bank South Pacific Ltd (BSP) was the only stock that traded unchanged at K8.01 today.

Monday’s trading on POMSoX registered a low volume of 1,680 shares worth K18,805.35.

In overseas news, U.S. stocks rose on Friday, with the Dow Jones Industrial Average gaining 54.78 points, or 0.34%, to end at 16,064.77, up 0.7% for the week, ending at record highs and posting gains for a seventh consecutive week. In Asia, The Japanese Nikkei ended 237.41 points higher at 15,619.13 on Monday, propelled by exporters with the yen slumping versus the dollar and investors expecting the Bank of Japan to keep its stimulus drive even as the Fed tapers off. Australian shares pared early gains through the day to close slightly higher following fresh Wall St records. At the market close today, the benchmark S&P/ASX200 index added 16.90 points (+0.32%) to 5,352.8 points.

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