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KSi Daily Report: Monday, 29 December 2014

POMSOX trading on Monday, after a four-days break of Christmas festival, saw both Kina Securities share indices slightly closing high. The main Index KSi edged at 3,494.79 , up 0.61 points while the Home Index KSHi added 10.65 points to 9,519.12.

Six stocks were traded with one stock that gained compared to none that fell.

PNG’s leading financial stock in terms of market capitalization, Bank South Pacific Ltd (BSP) closed at K7.14, up 2toea.

Other stocks traded included a junior cap exploration miner Kina Petroleum Ltd (KPL) and portfolio management holding Kina Asset Management Ltd (KAM) closed flat at 75toea and K1.00 respectively. Newcrest Mining Ltd (NCM) and Oil Search Ltd (OSH), both huge capitalization weighed miners, finished at K24.00 and K16.00 even. New Britain Palm Oil Ltd (NBO) ended at K26.00.

Today’s trades registered a total of 4,151 units at a monetary value of K28,104.53.

U.S markets experienced broad rally gains on last week prior to Christmas Day on year-end show, with the Dow Jones Industrial Average adding 23.50 points or 0.13% to 18,053.71 points. The Nikkei gave up early gains on suspected Ebola case, however health-related shares soared. Japan’s Nikkei share average lost 89 points or 0.50% to 17,730 points, while other Asian bourses reacted cautiously towards another likely air disaster on a Malaysia-owned Airline over the weekend. Australian share market closed high after a day of trading encouraged by recent positive outcomes from the US markets. The benchmark index S&P/ASX 200 advanced 79.30 points or 1.47% to 5,473.80 points.

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