POMSoX trading was thin on Monday with only one stock traded. Both Kina Securities Indices were unchanged. The KSi, 3,494.84. The Home index, KSHi, 9,663.10.
Credit Corporation Ltd (CCP) traded flat at K2.40 with 4,119 units worth K9,885.60. Kina Securities Ltd (KSL) not trade and stayed at K2.60. In ASX, it closed at $1.185, down 0.5c.
U.S. stocks rallied on Friday after a surprise interest-rate cut from the People’s Bank of China and positive earnings from heavyweight tech companies. The Dow Average rose 157.81 points, or 0.9%, to 17,646.97 points. Japan’s Nikkei share average rose 121.82 points or 0.65% to 19,028.41 after China’s rate cut and surged on stronger earnings expectations. The Australian share market faded lower on Monday despite China’s rate cut. At close, the S&P/ASX200 index was down 3.6 points, or 0.07% at 5,348.00 points by close of market Monday.