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KSi Daily Report: Tuesday, 13 October 2015

The Kina Securities main index extended loss on Tuesday after POMSoX trading closed on moderate volume. One dual-listed miner retreated. The KSi fell 7.13 points (-0.21%) to 3,468.67 points. Meanwhile, there was no movement for the home-listed stocks resulting in the home index the KSHi remaining unchanged at 9,668.84 points.
Only one stock lost on POMSoX, against none that won.
Kina Petroleum Ltd (KPL) declined 35 toea to close at 40toea. The dual-listed stock ended lower at 13 cents in ASX, down 0.5c.
Meanwhile, all three financial stocks including Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were traded unchanged at K7.44, K2.40 and K2.50 respectively. Kina Securities Ltd(KSL) traded at $2.50. In ASX, the company closed even at $1.20. Oil Search Ltd (OSH) also flat at K15.00 flat after intraday high of K16.00.
Tuesday’s trading on POMSoX registered a total volume of 49,637 shares worth K152,344.88
In off-shore markets, the Dow Jones Industrial Average inched 47.30 points, or 0.3%, to 17,131.46 points, extending its winning streak to seven days—its longest since December 2014. However, Japan’s Nikkei Average fell on Tuesday on profit-taking and oil-related stocks were sold on lower oil prices. The Nikkei dropped 203.93 points or 1.11% to 18,234.74 points at close of market today. The Australian shares closed lower following more bad economic news from China. At the close, the benchmark S&P/ASX200 index was down 30 points, or 0.57% at 5,202.9 points.

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