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KSi Daily Report: Tuesday, 23 January 2018

Tuesday’s market closed with Kina Securities main index (KSi) again closing in the positive territory by 188.18 points or 3.42% to 5,690.70 triggered by rise in energy stock price. Meanwhile, the home index, the KSHi remained unchanged at 10,919.99 points.

The day’s trading registered a gain amid a very quiet market with a monetary value of K41,500.00.

The gain was attributable to one of the energy stocks and major shareholder to PNG ExxonMobil, Oil Search Ltd (OSH) at K20.00 after picking up K1.76 from K18.24 in the previous close.

In the overseas news, US stocks have advanced as each of Wall Street’s main indexes touch a record level high after US senators struck a deal to end the federal government shutdown. Senators voted to move forward on legislation that would reopen the federal government until February 8. Funding legislation cleared a procedural hurdle in the Senate and was expected to pass a full Senate vote promptly, allowing government to re-open. But the shutdown has had little impact on the equities market. The blue-chip industrial average Dow Jones was up 0.25% or 142.88 points at 26,137.39. The Asian markets saw Japan’s Nikkei share average extended gains on Tuesday, rising to its highest level since November 1991. The Nikkei was last up 1.2% at 24,115.21.On the Australian, the benchmark S&P/ASX200 index lifted 0.75% to 6,037 points, as energy producers and healthcare companies proved the best performers.

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