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KSi Daily Report: Thursday, 17 December 2015

The Kina Securities main Index, the KSi, closed higher after POMSoX ended trading today, with a key mining stock gaining ground. The index was 80.86 points or 2.37% higher at 3,486.63 points. Meanwhile, the Kina Securities Home Index, KSHi was unchanged at 9,454.92 points.

Oil and gas stock Oil Search Ltd (OSH) was the only stock that traded today. The stock closed 80toea higher to end at K14.80 registering 1,459 shares valued at K21,593.20. On ASX, the stock ended at $6.11, down by 11c.

Kina Securities Ltd (KSL) was not traded today and remains at K2.60.

In off-shore markets, U.S stocks rallied Wednesday, extending gains to a third straight session after the Feds raised key interest for the first time in nearly a decade. The Dow Jones Industrial Average surged 224.18 points or 1.28% to 17,749.09 points. Japanese stocks rallied as investors gained confidence after Fed rate hike with the Nikkei share average climbing 303.65 points or 1.59% higher to 19,353.56 points. The Australian share market also jumped higher, continuing its upward trend encouraged by positive results from global equity markets after interest hiked. The S&P/ASX 200 index was 73.56 points or 1.46% higher to 5,102.01 points.

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