The Kina Securities indices fell significantly lower after POMSoX closed today. The Main Kina Securities index KSi withdrew 15.48 points (-0.41%) to 3,753.11. Likewise, the Home index KSHi was down 207.98 points (-2.44%) to conclude the session at 8,332.05 points.
There were two losses compared to one stock that gained.
The sole winner for the session was Bank South Pacific Ltd (BSP) which collected 25 toea at K7.25 aided by the company’s new shares buyback plan.
On the downside, New Britain Palm Oil Ltd (NBO) caused the heaviest damage to the Kina indices today as the stock ended at K18.00, after giving away K2.00 at the close. Followed closely Oil Search Ltd (OSH) sliced off 4toea to K19.07 as the dual-listed company closed off at $9.52 on ASX, down by a cent.
Unmoved stocks for the session were led by Credit corporation Ltd (CCP) still strong at K2.70 while City Pharmacy Ltd (CPL) ended flat at K1.75.
BSP Unsecured Notes (BSPHA) also recorded a few trades closing at K26,000.00 down by K100.00.
Wednesday’s trades registered a considerable volume of 585,448 shares at a monetary value of K4,676,338.89.
U.S. stocks rebounded in overnight trading with the Dow Jones Industrial Average closing above 17,000 as a better-than-expected earnings from multinational bank Citigroup Inc. increased demand for equities. The Dow Jones Industrial Average closed 111.61 points, or 0.7%, higher at 17,055.42. Japan’s Nikkei share average climbed 98.34 points (+0.64%) at 15,395.16 points, on Tuesday with all sectors rising, helped by gains on Wall Street and acquisition deal in the healthcare industry. In ASX, the S&P/ASX200 index close almost flat at 5,511.30 as investors dumped banking shares while the Australian dollar fell against most major currencies.
The All Ordinaries lost 0.10 points (-0.00%) to 5,495.70 while the S&P/ASX 200 lost 0.10 points