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KSi Daily Report: Tuesday, 04 April 2017

Tuesday’s POMSOX trading session closed on a mixed note amid a moderate session. The Kina Securities main index KSi was on the losing streak, closing 15.00 points or 0.27% lower to 5,476.00 points while the Kina Securities Home Index KSHi surged 97.90 points or 0.88% to 11,166.63 points.

One stock gained compared to two stocks that fell.

Bank South Pacific Ltd (BSP) was the winning stock for the day, ending 10toea higher to close at K9.50.

Portfolio management stock Kina Asset Management Ltd (KAM) shed a toea to close 96toea.
Followed by Oil Search Ltd (OSH), which slipped by 18toea ending at K17.83 at the close.

Kina Securities Ltd (KSL) was unmoved at K2.60.

A total of 23,629 shares were recorded at a value of K137,562.92.

U.S stocks closed lower following the release of disappointing vehicle sales figures and lackluster economic data. The Dow Jones Industrials declined 13.01 points or 0.06% at 20,650 points. Japan’s Nikkei share average fell, dropping 181.61 points or 0.96% to 18,801.62 points. The Australian stock market declined on following the weak cues from Wall Street and on caution ahead of the RBA Decision as the S&P/ASP 200 index lost 15.60 points or 0.27% to 5,857.10 points.

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