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KSi Daily Report: Tuesday, 01 April 2014

POMSoX stocks tacked on further gains to push both Kina Securities to higher ground on Tuesday, aided by sole listed agricultural stock . The main index, the KSi, collected 9.88 points or 0.27% to 3,627.23 points likewise the home index or the KSHi advanced about 171.58 points to end at 8,143.02 points as well, above the 8000 mark.

During the session, there were two stocks that gained against none that fell today. Another four stocks that traded today were unchanged.

New Britain palm Oil Ltd (NBO) the heavy weighted agricultural company added K1.00 at K15.00 followed by Kina Asset management Ltd (KAM) up by 2 toea at K1.07.

Stocks traded however, remained unmoved were led by financials, Credit Corp Ltd (CCP) at K2.70 and Bank South Ltd (BSP) at K7.80 with mining companies, Oil search Ltd (OSH) and Marengo mining Ltd(MMC) at K17.64 and 14 toea respectively at the close.

Today’s trading saw a substantial volume of 431,878 units worth of K3,110,298.78 changing hands.

In New York, U.S stocks climbed with stimulus led from emerging-market currencies .Dow Jones Industrial Average closed higher by 134.60 points, or 0.82% to end at 16,457.66 points at the close. Asian stocks fluctuated as investors weighed whether weak manufacturing in China will spur measures to boost growth. Japan’s Nikkei share average fell by 27 points or 0.18% to close the market at 14,801. Australia kept its benchmark rate at a record low and foresees a period of stability in monetary policy. The S&P/ASX 200 dropped 5.66 points or 0.10% at 5,389.17 point today.

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