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KSi Daily Report: Tuesday, 21 January 2014

POMSoX equities finished the Tuesday session on a mixed note as the Kina Securities Index, KSi, shed 3.43 points, 0.06%, ending at 3,868.62 points and the Home Index or the KSHi added 1.41 points (+0.02%) to 8,211.79

One oil stock rose while another fell for the session. The rest remained unchanged.

A Pharmaceutical company cum retail store City Pharmacy Ltd (CPL) closed at K1.96, gaining a toea. Oil Search Ltd (OSH) gave up 4toea to end at K17.51.

Bank South Pacific (BSP) and Credit Corporation Ltd (CCP) led the unchanged ending at K7.98 and K2.60 respectively. New Britain Palm Oil (NBO) stayed at K15.00 despite its London end at 3.50 Pound, losing about 12% this week.

In markets abroad, U.S. markets were closed on Monday in commemoration of Martin Luther King Jr. Day. Asian stocks higher as China’s money-market rates dropped on Tuesday. The Nikkei average rose more than 1 percent after three days of losses, as investors bought back stocks on expectations that Japanese corporate earnings will be strong. The Index was up 1.0 percent at 15,795.96. Australian sharemarket also climbed as the S&P/ASX 200 rose 36.50 points (+0.69%) to 5,331.50 buoyed mostly by banking and consumer discretionary stocks.

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