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KSi Daily Report: Thursday, 28 November 2013

Today both Kina Securities indices were down. The main index, the KSi, declined 0.31 points or -0.01% to close at 3,839.51 , and the home Index (KSHi) shed 5.32 points, or -0.06% to 8,218.76 points.

One stock fell against none that gained.

The only stock that fell in today’s session was the biggest financial institution stock on POMSoX, Bank South Pacific Limited (BSP), which registered a drop of 1toea to end at K7.99.

Three other stocks were traded but remained unchanged in their closing prices, as Credit Corporation Limited (CCP) ended stable at K2.60 while Kina Asset Management Ltd (KAM) at K1.10 flat and the largest oil and gas company in PNG, Oil Search Limited (OSH) closed at K17.11, the stock traded at a high of K17.50 today.

The trading volume for the day is 42,986 shares with a total value of K103,071.88.

U.S. stocks advanced overnight, with the Dow Jones Industrial Average scoring record closes after better-than-expected reports on consumer sentiment, employment and Chicago-area business conditions. The Dow jumped 24.53 points, or almost 0.2%, to end at 16,097.33 for its fifth straight record close. In Asia, Japan’s Nikkei share average, rose 227.49 points (+1.80%) to 15,727.12, raising to a 6-month high on Thursday as a slump in the yen jolted exporters higher on expectations of improved earnings. Meanwhile, The benchmark S&P/ASX200 index was up 1.7 points, or 0.03% at 5,326.60, as share market closed slightly higher following the release of better than expected business investment figures.

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