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KSi Daily Report: Thursday, 26 October 2017

Thursday’s trading session on POMSOX was rather quiet as one stock index declined while another maintained. The Kina Securities main index KSi slid 36.58 points or 0.69% to 5,277.31 points. In the meantime, the Kina Securities Home Index KSHi was unchanged at 11,037.68 points.

Oil Search Ltd (OSH) slipped 34toea to end lower at K17.71 at the close of market.

Credit Corporation Ltd (CCP) was the only other stock traded steady at K1.78.

A thin volume of 2,309 shares were traded at a value of K30, 132.52.

The Dow posted their biggest one-day declines in more than seven weeks on a string of disappointing earnings, even as the stock market pared early losses. The DJIA fell 112.30 points or 0.5% to end at 23,329.46 points. Japan’s Nikkei average edged up lifted by shares backed by strong earnings and shrugging off Wall Street weakness. The Nikkei was up 19.60 points or 0.09% finishing at 21,726.22 points. The Australian market closed just in positive territory after shedding earlier gains across energy, mining and banking and a decline in consumer stocks. The benchmark index S&P/ASX 200 gained 10 points or 0.2% to close at 5,916 points.

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