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KSi Daily Report: Thursday, 30 November 2017

POMSoX stocks were active Thursday, with both Kina Securities indices surging higher to close the month of November on positive note as key stocks gain. The KSi rose 164.62 points or 3.11% at 5,452.95 points while The Kina Securities Home Index or KSHi recovered 98.50 points or 0.90% from previous losses to complete at 11,015.88 points higher.

Two stocks gained against one that lost.

Newcrest Mining Ltd (NCM) the heavily-weighted mining stock among the components of the indices made an impressive gain of K3.00 to reach at K57.00 inspired by strong ASX prices. Followed closely was Bank South Pacific Ltd (BSP) at K9.60 up by 10toea.

On the down side, Kina Securities Ltd (KSL) declined 10toea to close K2.50.

Meanwhile, Credit Corporation Ltd (CCP) traded unchanged at K1.69.

Thursday’s trading recorded a total of 48,180 units with a monetary value at K501,422.09.

In US markets, The Dow Jones Industrial Average rose 103.97 points or 0.44% at 23,940.68 points as investors bet that the US economy would continue improving. Japan’s Nikkei share average rose to a three-week high on Thursday as gains by financial stocks offset weakness in tech shares. The Nikkei, which was down part of the day 127.76 points or ended 0.57% higher at 22,724.96 points. The Australian S&P/ASX 200 index dropped 41.20 points or 0.69% 5,969.90 points at close after bank shares fell.

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