KSi Daily Report: Tuesday, 03 June 2014

Tuesday’s trade on POMSoX saw both Kina Securities Indices heading opposite direction. The main index, KSi, added 32.19 points or 0.40% to end at 3,691.23 points. Meanwhile the Home Index shed 1.41 points or 0.02% to close at 8,081.33 points.

There was one winner against two stocks that fell.

A leading oil and gas company Oil Search Ltd (OSH) was the sole winner, adding 40 toea to K19.00, a record high on POMSoX.

Stocks that lost were led by pharmaceutical and cum retail stock City Pharmacy Ltd (CPL) which shed a toea to K1.89. It was followed by Newcrest Ltd (NCM) at K24.00, down by K1.00.

Financial institution Bank South Pacific Ltd (BSP) was the leading stock amongst the stocks that traded even in terms of trading volume at K7.70. Meanwhile, junior cap miner Marengo Mining Ltd (MMC) and Credit Corporation Ltd (CCP) closed at 11 toea and K2.70 respectively.

Total shares trades were 788,371 units at a share worth of K5,130,739.35.

In New York, U.S stocks gained on better reading in manufacturing data. The DJIA added 26.46 points or 0.16% to 16,743.63 points. Asian stocks ended mostly broadly higher as Japan regaining momentum after closing high on Wall Street on Monday. Japan’s Nikkei share average surged 98 points, 0.66% to finish at 15,034 points. Australian share market closed lower as the benchmark S&P/ASX 200 fell 38.76 points or 0.70% to 5,479.70 points as the Reserve Bank of Australia kept its benchmark cash rate at a record low at 2.5 percent for a 10th month amid a mining investment slowdown.

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