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KSi Daily Report: Thursday, 04 February 2016

Kina Securities main index recovered from yesterday’s lose by retrieving 1.59 points, or 0.05% to close at 3,355.95 points. similarly, the Home index, KSHi collected 49.25 points, or 0.53% higher to finish the day’s session at 9,346.32 points.

There was one stock that gained on POMSoX, against none that lost.

The advances were mainly attributed to the strong performances of a key home bank stock. Bank South Pacific Limited (BSP) recouped yesterday’s loses by adding 5toea to end at K7.50.

Other stocks traded but were unmoved for the day included Credit Corp Limited (CCP) at K 2.05 and Oil Search Ltd (OSH) still flat at K14.06 despite a jump on the ASX at $6.75 up by 45 cents on the back of improved oil prices.

Thursday’s trading session recorded a total of 3,653 shares valued at K18,305.04.

U.S. stocks closed higher in volatile trading after the overnight session, as a 8% jump in oil prices lifted energy and materials sectors. The Dow Jones Industrial Average gained 183.19 points, or 1.1%, to 16,336.73 points. Japan’s Nikkei share average fell to a one-week low after dropping 146.26 points or 0.85 to 17,044.99 points on Thursday as a stronger yen hurt market sentiment. The Australian share market has closed around two per cent higher in the wake of a strong rise in oil prices and the hope that weak US economic data will slow the pace of interest rate hikes in the US. the benchmark S&P/ASX200 index was up 103.6 points, or 2.12%at 4,980.4 points.

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