KSi Daily Report: Monday, 28 July 2014

The Kina Securities main index opened the week on a positive note amid a very quiet session on POMSoX. The KSi collected 157.83 points (+4.20%) to 3,915.05 points. Meanwhile, there was no gain for the home-listed stocks which caused the home index or the KSHi to remain flat at 8,915.05 points.

One stock gained compared to nil gains.

Oil Search Ltd (OSH) collected an impressive K1.80 to close at K21.00 however, the dual listed stock in ASX declined 4 cents at $9.50 today.

City Pharmacy Ltd (CPL) closed at K1.70, followed by a leading financial institution Bank South Pacific Ltd (BSP) sill strong K7.30 aided by the share buyback program.

Total shares registered today was 4,472 units worth of K35,579.10.

In New York, The Dow Jones Industrial Average dropped below 17,000 on Friday on disappointing earnings, leaving it with its biggest weekly decline in six weeks. The DJIA lost 123.23 points, or 0.7%, to 16,960.57, weighed down by losses in Visa Inc. Meanwhile, Japan’s Nikkei average rose to six-month highs on Monday, and looked poised on hopes of continued improvement in corporate earnings. The benchmark Nikkei was up 71.53 points 0.46% at 15,529.40 point. In Australia, the benchmark S&P/ASX200 index was down 6.10 points, or 0.11% at 5,577.40 points due to weakness in the major financial and mining stocks.

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