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KSi Daily Report: Thursday, 30 June 2016

The day’s trading was active as both Kina Securities Stock Indices remained steady on POMSOX trading session on Thursday. The Kina Securities main index KSi was maintained at 4,627.05 points and similarly the Kina Securities Home Index KSHi was unchanged at 9,668.45 points.

Three stocks traded today were unmoved.

Financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both evened out at K8.10 and K1.68 respectively. Oil Search Ltd (OSH) had an intraday high of K17.60, however closing unchanged at K17.00.

Today’s trading registered a total of 25,152 units at a monetary value of K332,240.66.

The Dow Jones Industrial Average was just about 316 points, or less than 2%, from its close the day before results
Japanese stocks rose for a fourth day helped by bargain hunting in recently battered stocks, but the benchmark index looked set for its biggest monthly drop in more than four years. The Nikkei gained 72.64 points or 0.47% to 15,639.47 points. The Australian share market extended gains as investors eyed bargains after a volatile few sessions following the Brexit, taking cues from gains across world markets. The S&P/ASX 200 benchmark index was up 1.7% in early afternoon trade, with gains posted in all sectors of the market on the final day of the financial year. The index was up 73.5 points or 1.43% 5,215.90 points.

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