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KSi Daily Report: Thursday, 24 July 2014

Both Kina Securities Indices closed higher after POMSOX resumed trading today from the Remembrance day holiday in mid-week. The Main Index KSi gained 0.59 points or 0.02% to 3,760.44 points and the Home Index KSHi closed at 8,256.76, up 36.15 points or 0.44%

One stock gained against another stock that fell .

A leading financial institution Credit Corporation Ltd (CCP), collected 10toea to close at K2.70, aided by the company’s share buyback scheme.

Marengo Mining Ltd –PDi (MMC) a junior cap mining exploration stock ended at 9toea, shedding 2toea.

Stocks that traded unchanged for the day were led by a pharmaceutical and retail stock City Pharmacy Ltd (CPL) at K1.70, followed by the only bank stock Bank South Pacific Ltd (BSP) at K7.28 flat.

Total volume registered today was 83,733 units at a share value of K26,667.53.

In overseas, U.S stocks declined in overnight trading as Boeing weighed on the Dow Jones Industrial Average which fell 26.91 points or 0.16% to end at 17,086.63 points on the Malaysia Airline crash news. Asian stocks traded near a six-year high with report on rising China manufacturing. However, Japan’s Nikkei share average slipped on stronger yen, down 44 points or 0.29% to 15,284 points. Australian ASX shares market closed mixed on Wall Street despite a record high S&P500. The S&P/ASX 200 benchmark index closed higher at 5,587.80 points, gaining 11.06 points or 0.20% today.

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