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KSi Daily Report: Thursday, 25 August 2016

Thursday’s POMSOX trading session saw one stock index changed as the other maintained. The Kina Securities main index KSi was down a mere 1.01 points or 0.02% to 4,800.09 points. The Kina Securities Home index or KSHi was steady at 10,202.35 points.

One stock lost to another that was unchanged.

Dual-listed energy stock Oil Search Ltd (OSH) shed a toea to close lower at K17.50.

Bank South Pacific Ltd (BSP) was the only other stock traded flat at K8.65.

The day’s trading session recorded 309 shares valued at K5,205.45.

U.S markets hit a two-week low, weighed down by losses in the healthcare and materials sectors, while oil prices tumbled about 3% on worries about oversupply. The Dow Jones Industrial Average was down 65.82 points or 0.35% to 18,481.48 points. Japanese stocks edged down as appetite for risk was checked by weakness on Wall Street and investor’s wavy before Yellen remarks. The benchmark Nikkei shed 41.35 points or 0.25% to 16,555.95 points. The Australian share market closed lower as weak commodity prices weighed on resource stocks. The benchmark S&P/ASX 200 index was down 7.9 points or 0.14% to 5,553.8 points.

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