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KSi Daily Report: Thursday, 17 March 2016

Thursday’s POMSOX trading session was active as both Kina Securities stock indices remained unchanged. The Kina Securities main index KSi was steady at 3,780.91 points and likewise the Kina Securities Home Index or the KSHi was maintained at 9,113.92 points.

Leading banking and finance stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) both evened out at K7.50 and K1.69 respectively. Mining stocks Highlands Pacific Ltd (HIG) and Oil Search Ltd (OSH) both remained at 20toea and K14.31.

Today’s session transacted a considerable volume of 300,624 units valued at K1,031,053.71.

U.S stocks finished higher after the Feds kept its key interest rates unchanged. The Dow Jones Industrial rose 74.23 points or 0.43% to 17,325.76 points. Japanese stocks fell on Thursday, reversing earlier gains as the yen strengthened, denting investors’ risk appetite and dragging down a host of stocks. The Nikkei share average fell 109.14 points or 0.64% to 16,865.31 points. The Australian share market lifted by nearly one per cent, after the US Feds left its key interest rates unchanged and unemployment rate fell 5.8 per cent. Benchmark index S&p/ASX 200 rose 49.17 points or 0.96% to 5,168.20 points.

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