The Kina Securities main index closed Thursday’s trading on a positive note as one key POMSoX stock advanced. The KSi collected 16.25 points (+0.47%) to 3,484.92 points. Meanwhile, there was no movement for the home-listed stocks which caused the home index the KSHi to remain flat at 9,668.84points.
Two stocks gained on POMSoX, against none that lost.
Oil Search Ltd (OSH) sought up 15 toea to close at K15.15 following strong ASX prices. Another dual-listed company Kina Securities Ltd (KSL) collected 10 toea at K2.60 amid a moderate trading volume.
Stocks traded however remained unchanged were the two financials Banks South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.44 and K2.40 respectively.
Thursday trading on POMSoX registered a considerable volume of 180,831 shares worth K585,924.23
In overnight trading, U.S stocks were badly hit after the release of disappointing earnings and economic data. The Dow Jones Industrial Average declined 157.14 points or 0.92% to 16,924.75 points. Japanese stocks rose with investors shifting into defensive shares as the Nikkei rose 205.90 points or 1.15% to 18,096.90 points. Australian share market made modest gains on expectations that weak economic data from the US and low job numbers in Australia will keep interest rate low. Benchmark index S&P/ASX 200 added 32.80 points or 0.63% to 5,230.05 points.