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KSi Daily Report: Thursday, 29 December 2016

Thursday’s POMSOX session had both stock indexes headed in opposite directions amid moderate trading. The Kina Securities Main index KSi gained grounds, up by 38.00 points or 0.80% to end at 4,815.25 points. Meanwhile, the Kina Securities Home Index shed 13.33 points or 0.13% to close lower at 10,628.45 points.

One stock gained compared to another that lost.

Winning stock for the day was Oil Search Ltd (OSH) edged higher to close at K17.50, up 38toea.

On the downside, Credit Corporation Ltd (CCP) shed 2toea to end at 10,628.45 points or 0.13%, lower by 13.33 points.

Kina Securities Ltd (KSL) was the only other stock trading unchanged at K2.70 flat.

Total trades recorded today were 17,202 shares at a monetary value of K165,547.14

U.S stocks fell in overnight trading as the market’s multi-week rally, which has taken indexes to repeated records and the Dow to mere points of the 20,000 milestone stalled. The Dow Jones Industrial Average fell 111.36 p0ints or 0.56% to end at 19,833.68 points. Japan’s Nikkei share average fell to a more than two-week low tracking weakness on Wall Street as the Nikkei slumped 241.42 points or 1.24% to 19,160.30 points. The Australian stock market declined on Thursday following the negative lead overnight from Wall Street and after touching a 16-month high in the previous session. The S&P/ASX 200 benchmark index slipped 18.50 points or 0.33% to 5,666.50 points.

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