The Kina Securities stock indices were mixed on Tuesday as two stocks headed in opposite direction ahead of the PNG Independence day holiday. The Main Index KSi closed 18.86 points (-0.53%) higher at 3,576.66 points while the Home Index KSHi ended 66.63 points or 0.69% lower to 9,628.46 points.
There was one loss recorded against a single gain today.
Oil Search Ltd (OSH) had traded a toea higher closing strong at K16.00.
On the down side, Credit Corporation Ltd (CCP) closed at K2.40, down 10 toea.
Kina Securities Ltd(KSL) were traded at K2.60 today, as the same stock closed at $1.10, up 0.015 on ASX listing.
Meanwhile, Bank South Pacific Ltd (BSP) traded unmoved at K7.40.
Tuesday’s session recorded a total of 123,004 shares with value of K373,563.80.
U.S stocks closed lower as investors remained hesitant to buy stocks ahead of the Federal Reserve’s much anticipated policy meeting this week. The Dow Jones Industrial Average shed 62.13 points or 0.38% to 16,370.96 points. The Nikkei ended slightly up after BOJ meeting concluded without surprise decisions. The Nikkei Average ended up 60.78 points or 0.34% to 18,026.48 points. Australian shares were mostly flat to weaker after the Abbott leadership overhaul last night. The S&P/ASX 200 benchmark index closed 78.07 points lower or 1.53% to 5,018.40 points today.