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KSi Daily Report: Tuesday, 09 December 2014

Kina Securities stock indices were mixed after POMSoX ended trading on Tuesday as stocks headed in opposite directions. The Main Index or KSi closed 2.99 points (-0.08%) lower at 3,604.57 points while the Home Index or KSHi added 36.47 points (+0.37%) to 9,897.13 points.

There was one stock that gained compared to two losses.

Bank South Pacific Ltd (BSP), the largest banking and financial stock in PNG in terms of market capitalization, had gained 7 toea to close at K7.19.

On the down side Oil Search Ltd (OSH) fell by 5 toea to end the session at K17.00 while Marengo Mining Ltd (MMC) declined a toea at 5 toea. Both stock followed ASX low prices.

City Pharmacy Ltd (CPL) was unchanged, maintaining its steady price at K1.44.

The day’s trading session recorded total volume of 67,597 share with a monetary value of K56,985.86
U.S. stocks suffered their biggest one-day slide in nearly seven weeks after overnight trading as a withering selloff among energy companies, as crude oil slided to lowest since 2009. Downbeat economic reports from China, Japan and Europe also dented sentiment. The Dow Jones Industrial Average fell 106.31 points or 0.59% at 17,852.48 points. Japan’s Nikkei share average stepped back Tuesday, as a retreat on Wall Street and a rebound in the yen prompted investors to book gains after a seven-session winning streak. The Nikkei 122.26 points or 0.68% at 17,813.38 points. In Australia, the S&P/ASX200 was down 90.00 points or 1.68% at 5,282.70 points as responded to downwards US and international bourses after disappointing Japanese and Chinese data.

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