KSi Daily Report: Tuesday, 10 March 2015

Despite an active trading session on Tuesday, POMSOX trading was unchanged, with Kina Securities main index KSi steady at 3,648.69 points as the home index KSHi remained at 9,744.14 points.

There were 29 trades recorded today.

Financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) closed at K7.35 and K2.60 flat respectively. City Pharmacy Ltd (CPL) was unchanged at K1.39 followed by Oil Search Ltd (OSH) at K17.01. Mining exploration stocks Kina Petroleum Ltd (KPL) and Marengo Mining Ltd (MMC) were unmoved at 75toea and 4toea respectively.

A total of 103,494 units of shares registered at a value of K170,103.31.

U.S stocks ended Monday’s session modestly higher but still below record levels set last week, as Wall Street marked the sixth anniversary of the bull market. The Dow Jones Industrial Average added 138.94 points or 0.78% to 17,995.72 points. Japanese stocks turned lower on Tuesday, erasing all earlier gains as banks were hit hard by reports as the Nikkei share average shed 149.06 points or 0.79% to 18,641.49 points. The Australian share market closed higher following gains on Wall Street as the S&P/ASX 200 benchmark rose 2.85 points or 0.05% to 5,824.20 points.

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