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KSi Daily Report: Thursday, 11 January 2018

Thursday’s trading session on POMSOX saw mixed results. The Kina Securities main index KSi was down by 107.58 points or -1.89% to 5,572.24 points, driven mainly by losses in Oil Search and BSP Notes which offset gains by BSP shares. The Kina Securities Home Index was steady at 10,884.06 points.

Bank South Pacific Ltd (BSP) ended the day high at K9.55, up by 5toea.

Oil Search Ltd (OSH)closed the day low at K19.00 by a change of K1.00.

Meanwhile, Bank South Pacific Unsecured Notes (BSPHA) traded flat at K25,000.

The day’s trading recorded a volume of 25,993 shares at a monetary value of half a million Kina.

In the markets abroad, the US stocks closed the mid-week market low as traders kept an eye on U.S. bonds following a hastened rise in the yield on the 10-year Treasury note, this was driven by a report that China is considering putting a pause on purchases of U.S. debt. The Dow Jones recorded a loss by 16.67 points or 0.07% at 25,369.13. Australian share market has closed lower due to falls in all sectors, most notably among health care and IT stocks. The benchmark S&P/ASX200 was down 29.1 points, or 0.48% at 6,067.6 points. Japan’s Nikkei share average edged lower at the close of the day, hit by declines in automakers and electronic component makers as the strong yen soured investor appetite. The Nikkei dropped by 141.05 points or 0.59% to 23,647.15.

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