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KSi Daily Report: Thursday, 28 April 2016

Both Kina Securities stock indices remained unchanged amid thin POMSOX trading session on Thursday. The main index KSi stayed at 3,955.36 points. Similarly, the Kina Securities Home Index KSHi remained steady at 9,112.94 points.
Two stocks traded today both ended unchanged.
Leading financial stocks in terms of market capitalization Bank South Pacific Ltd (BSP) recorded a total volume of 12,295 units valued at K92,212.50 flat followed by Oil Search Ltd (OSH) closing unmoved at K15.01 even.

Thursday’s POMSOX trades recorded a combine volume of 13,011 shares with monetary value of K102,959.66.

U.S. stocks rose in overnight trading as the Federal Reserve left interest rates unchanged even as it reiterated that it is monitoring global economic developments. However, its statement also focused on improvements in the U.S. labor market and in household income. The Dow Jones Industrial Average advanced 51.23 points, or 0.3%, to end at 18,041.55 points. However, Japanese stocks fell sharply Thursday after the Bank of Japan left its main policies unchanged, disappointing traders. Japan’s Nikkei Stock Average tumbled 624.44 points or 3.61% and was last down 3.3% Meanwhile, The Australian share market is higher due to strong gains by mining and energy companies. The benchmark S&P/ASX200 index was up 37.70 points or 0.73% at 5,225.40 points with the iron ore miners among the best performers, even though iron ore prices fell overnight.

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