KSi Daily Report: Tuesday, 19 July 2016

The day’s trading session was active as both Kina Securities stock indices closed on positive territories as three key stocks on POMSOX advanced. The Kina Securities main index, KSi collected 10.84 points (+0.23%) to 4,642.30 points and meanwhile the Kina Securities Home Index or KSHi gained 23.18 points (0.24%) to 9,831.51 points.

All stocks traded today gained versus a loss.

The gains were led by mining stock Oil Search Ltd (OSH) at K17.10, ending 10toea higher. Meanwhile, financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) both closed higher at K8.26, adding a toea and K1.70, up 2toea respectively.

Junior cap explorer Highlands Pacific Ltd (HIG) was the only stock closing unchanged at 15toea even.

On the downside, BSP Unsecured Notes (BSPHA) was closed down by K1,000.00 to end at K25,0000.00.

Tuesday’s POMSOX trading registered a total volume of 57,689 shares worth K306,507.85.

U.S stocks eked out small gains Monday, pushing both the DJIA and S&P 500 Index to fresh all-time closing highs. The Dow Jones Industrial Average declined 13 points or 0.07% to 18,438 points. Japan’s Nikkei share average rose for a sixth straight day on Tuesday to a near six-week high, with a sagging yen and Wall Street’s rise to a fresh record. The Nikkei rose 225.46 points or 1.37% to 16,723.31 points. After eight straight sessions of gains, the Australian share market was flat with a mixed performance by the big banks and miners. The benchmark index S&P/ASX 200 was up 2.6 points or 0.05% to 5,461.10 points.

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