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KSi Daily Report: Tuesday, 11 February 2014

Tuesday’s trading on POMSOX closed weaker despite high active trading session. Kina Securities main Index, or KSi, shed 5.52 points or 0.14% ending at 3,867.17 points. Likewise, the Kina Securities Home Index or KSHi also slipped 95.92 points, -1.17%, at 8,109.14 points at the close.

There were two losses against no stock that gained today.

Bank South Pacific Ltd (BSP) fell 2 Toea at K7.95, while New Britain Palm Oil (NBO) took a dive at K14.50, down 5 Toea.

Financial institution company, Credit Corporation Ltd led the trading at K2.60 amid substantially high volume but ended flat. It was followed by Oil Search Ltd (OSH) at K17.53. Junior cap miner, Marengo Mining Ltd (MMC) traded at 15toea unchanged.

Total shares registered were 8,321,952 at a share value of K21,359,190.95.

In New York, markets improved overnight with the Dow Jones Industrial Average (DJIA) edging 7.71 points higher, 0.05% to 15,801.79 points higher. The Asian market stocks rose, extending gains into a fourth day and heading for a two – week high. Japan’s Nikkei share average rose 1.8 percent at 14,718.34 points, its highest close since end of January. In Australia, the market closed higher in the wake of a positive lead from US markets, ahead of domestic reporting season. The benchmark S&P/ASX200 index was up 32.35 points, or 0.62 per cent, at 5,254.50 points.

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