KSi Daily Report: Tuesday, 20 January 2015

Kina Securities main index added gains amid moderate trading on POMSOX on Tuesday. The KSi moved 36.77 points or 1.06% to 3,491.26 points. The Home Index KSHi was steady at 9,463.47 points.

One out of four stocks gained compared to none that lost for the day.

The winning stock was leading oil and gas stock Oil Search Ltd (OSH), closed 39toea higher at K16.00.

Marengo Mining Ltd (MMC, a junior cap mining exploration stock, closed at 5toea. Financial stock Bank South Pacific Ltd (BSP) and portfolio management stock Kina Asset Management Ltd (KAM) ended at K7.13 and K1.00 respectively.

Tuesday’s trading session recorded a total of 8,804 units valued at K19,354.49.

U.S. markets were closed on Monday in commemoration of Martin Luther King Day. In Asian markets today, Japanese stock surged to more than a week high with better-than-expected growth data lifting Chinese related stocks. The Nikkei share average advanced 352 points or 2.07% to 17,366 points. Australian shares ended flat with gains in the four big banks offset by losses in energy stock on weak oil prices kept the benchmark indices under pressure . The S&P/ASX 200 fell 1.47 points or 0.03% to 5,307.67 points.

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