KSi Daily Report: Wednesday, 24 August 2016

Both Kina Securities stock indices closed positively amid an active trading session. The Kina Securities main index or KSi was up 1.32 points or 0.03% at 4,799.27 points. The Kina Securities Home Index or KSHi rose 9.85 points or 0.10% to 10,202.35 points.

All stocks traded today gained ground versus nil losses.

Bank South Pacific Ltd (BSP) closed a toea higher to end at K8.65. Junior cap explorer Highlands Pacific Ltd (HIG) gained 3toea to close at 18toea while Oil Search Ltd (OSH) added a toea to close high at K17.51.

Tuesday’s POMSOX trading session transacted a combined volume of 79,806 points valued at K83,897.26.

U.S share markets finished slightly higher in overnight trading after data showed upbeat housing data. The Dow Jones Industrial Average added 17.88 points or 0.10% at 18,547.30 points. In Asia, Japanese stocks rose with a pause in the strong-yen trend lifting cyclical stocks, while hopes that BOJ would buy more exchange traded funds continued to support sentiment. The Nikkei rose 87.32 points or 0.53% at 16,584.68 points. The Australian stock market edged higher following modest gains on Wall Street and amid mixed corporate earnings results. The benchmark index S&P/ASX 200 added 3.50 points or 0.06% at 5,557.30 points.

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