Both Kina Securities stock indices extended their gains for the second consecutive session on POMSoX Thursday. The main Kina Securities stock index, the KSi, added a small gain, up 1.56 points (+0.04%) to finish at 3,555.58 points. Likewise, the home index, the KSHi completed at 9,770.88 points, after advancing 49.25 points (+0.51) at the close.
There was one stock that gained against none that fell.
Bank South Pacific Ltd (BSP) added 5toea at K7.45 which caused both indices to close high.
Other stocks that traded unchanged for the day included one mining stock, Newcrest Mining Ltd (NCM) that closed unmoved at K25.00. The two home stocks listed on POMSoX, City Pharmacy Ltd (CPL) was even at K1.48 and Credit Corporation Ltd (CCP) was unchanged at K250. Meanwhile, Junior Cap miner, Marengo Mining Ltd (MMC) closed at 3 toea flat.
Thursday’ trades registered a low volume of 12,403 shares valued at K66,797.08.
U.S. stocks ended Wednesday’s choppy session with modest gains after the Federal Reserve left key interest rates unchanged. The Dow Jones Industrial Average gained 31.26 points, or 0.2%, to 17,935.74 points,. Japan’s Nikkei share average slid to a one-month low on Thursday, dipping below the 20,000-mark for the first time since mid-May, as the yen strengthened after the U.S. Federal Reserve signalled it will hike interest rates at a slower pace than expected. The benchmark Nikkei slumped 228.45 points or 1.13% to 19,990.82 points. Likewise, The Australian benchmark S&P/ASX200 index was down 70.3 points or 1.26% at 5,524.90 points with the banks leading a general retreat.