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KSi Daily Report: Thursday, 04 August 2016

Both Kina Securities stock indices closed higher on POMSOX Thursday’s trading session. The Kina Securities main index or KSi added 1.17points or 0.03% to 4,650.40 points. The Kina Securities Main index KSHi edged up 68.95 points or 0.70% to 9,893.51 points.

There were two stocks traded as one gained versus another that lost during today’s session.

Winning stock for the day was Bank South Pacific Ltd (BSP) at K8.35, up by 7toea.

Energy stock Oil Search Ltd (OSH) shed a toea to end at K17.15 at the close.

The day’s trading registered a combined volume of 18,746 points valued at K182,929.10.

The Dow industrials snapped its seven-session losing streak as oil prices rallied with the DJIA adding 9.00 points or 0.05% to 18,278.00 points. Japan’s Nikkei share average gained as bargain hunting prevailed, closing up 171.78 points or 1.07% to 16,254.89 points. The Australian stock market advanced following modest gains overnight on Wall Street and the rise in crude oil prices. Mining and oil stocks are among the leading gainers. The benchmark S&P/ASX 200 index added 36.10 points 0.66% to 5,501.80 points.

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