KSi Daily Report, Thursday, 9 January 2014

Kina Securities Indices advanced slightly amid moderate trading on POMSoX today. The main stock index, the KSi, added 0.48 points, 0.01% to 3,872.26 points. The Home Index, KSHi, inched 10.64 points (+0.13%) to 8,217.11 at the close.

Two stock gained against one that fell while all were unchanged.

Financial Institution, Bank South Pacific Ltd (BSP) added 2 toea to close to K7.99.

The only stock that traded on a loss was the leading oil and gas company, Oil Search Ltd (OSH) at K17.51, a toea less.

Other stocks that traded unchanged for the day were pharmaceutical company City Pharmacy Ltd (CPL) at K1.96, and New Britain Palm Oil (NBO) traded at K15.00 even.

Total volume of shares enrolled was 11,328 units at value worth of K75,011.19.

In overseas markets, New York stocks traded on a mixed note ahead of a key jobs report Friday with the Dow Jones Industrial Average (DJIA) retreating 68.20 points or 0.41% to close at 16,462.74 points. Likewise, Japan’s Nikkei share average declined 241.12 points (-1.50%) ending at 15,880.33 points despite the Yen’s weakness Thursday. Australian stocks continued to gain at 8.36 points, 0.16%, ending at 5,324.41 points on the back of retail sales coupled with further sign of record-low interest rates, that fuel consumer spending.

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