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KSi Daily Report: Thursday, 18 December 2014

Both Kina Securities stock indices remained unchanged Thursday despite significant rebounds for overseas shares on energy commodities technical recovery . The Kina Securities main index, the KSi, was steady at 3,452.84 points at the close and likewise, the home index or the KSHi stayed at 9,553.87 points.

All three stocks traded were unmoved.

Bank South Pacific Ltd (BSP) led the trading in terms of value at K7.14, followed by Marengo Mining Ltd (MMC) which completed at 5toea while Oil Search Ltd (OSH) ended flat at K15.50.

Thursday’s session recorded combined volume of 51,437 units at K18,672.82.

In US markets, Dow Jones Industrial Average scored its best one-day gains of 2014 after overnight trading, shrugging off falling-oil worries and global deflationary concerns, on the Federal Reserve took positive posture at the end of its two-day meeting. The Dow Jones Industrial Average had gained 288 points or 1.7% to 17,356.87 points to close near session highs. Japan’s Nikkei share average jumped 363.99 points or 2.16% at 17,185.68 points on Thursday following the U.S. upbeat assessment on the economy. Meanwhile, The Australian share market followed the upward trend as the S&P/ASX 200 collected 48.90 points or 0.95% at 5,210.80 points on improving energy and mining stocks.

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