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KSi Daily Report: Thursday, 19 January 2017

Thursday’s POMSOX trading session was unchanged for a third consecutive session amid a quiet session as both stock indices remained unchanged. The Kina Securities Main index KSi was maintained at 4,815.25 points and similarly the Kina Securities Home Index KSHi was steady at 10,628.45 points.

Bank South Pacific Ltd (BSP) was the only stock traded unchanged for the day. The stock closed flat at K9.00 registering a light volume of 277 shares valued at K2,493.00.

In off-shore markets, U.S stocks rose moderately on as gains in financials offset weakness in telecommunications shares but the Dow Jones Industrial Average bucked the trend to close at its lowest of 2017. The DJIA shed 22 points, or 0.1% to close at 19,804 points. Japan’s Nikkei share average rebounded from a six-week low with financial stocks cheered by the rise in U.S bond yields after the Nikkei rose 177.88 points or 0.94% to 19,072.25 points. The local Australian closed higher on the back of gains on Wall Street overnight. Despite a fall below the flat-line shortly amid mixed results from the sectors. The S&P/ASX benchmark index lifted 13.40 points or 0.24% to 5,692.20 points.

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