Both Kina Securities stock indices gained territories to conclude high for Tuesday’s POMSoX session with active trading. The main index, the KSi collected a mere 0.08 points, to complete at 3,814.32 points, while the Kina Securities home index or the KSHi, recouped 1.41 points, or 0.04% to finish at 8,082.37 points.
A total of six stocks transacted with only one gain registered against no losses on POMSoX.
City Pharmacy Ltd (CPL) was the sole winner for today having added a toea at K1.96 amid thin trading volume. The upward movement had both indices closing in green.
Unmoved stocks for the session were Credit corporation Ltd (CCP) at K2.60 flat followed by New Britain Palm Oil Limited (NBO) unchanged at K14.50 and Marengo Mining Ltd (MMC) was steady at 15 toea. Bank South Pacific Ltd (BSP) completed at K7.90 after trading at the low of K7.80 on a sizable volume.
Tuesday’s trading session recorded a substantial volume of 163,605 units at a value of K968,970.53.
Meanwhile, Oil Search Limited (OSH) Company has placed a trading Halt to its securities pending release of announcement. The Company may resume normal trading on Thursday or when the announcement is released to the market.
US. stocks ramped higher overnight boosted by M&A activity and upbeat German confidence report with the Dow Jones Industrial Average adding 105.83 points, or 0.7%, to end at 16,209.13 points. In Japan, The Nikkei stock average jumped 228.18 points or 1.54% to 15,063.47 points on Tuesday after a rally in Wall Street shares. However, the Australian sharemarket closed lower, ending its run of seven straight days of gains on profit-taking. At the close, the benchmark S&P/ASX200 index was 6.40 points, or 0.12%, lower at 5,433.80 points.