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KSi Daily Report: Tuesday, 27 June 2017

Tuesday’s POMSOX trading session saw one stock index closing on a positive note while another maintained. The Kina Securities main index KSi climbed 52.72 points or 1.09% to end at 4,878.60 points while the Kina Securities Home Index KSHi was unchanged at 11,067.82 points.

Oil Search Ltd (OSH) gained 49toea to close higher at K18.00.

Stocks traded unchanged included Credit Corporation Ltd (CCP) and Kina Securities Ltd (KSL) at K1.78 and K2.57 flat respectively.

There was a total of 3,791 units transacted valued K35,941.37.

In overseas market news, U.S stocks ended on the red for a second consecutive session as the Dow Jones Industrial Average fell 16.00 points or 0.07% to 21,352.00 points. Japanese stocks edged up to hover near two-year highs as a weaker yen helped exporters rise, while financial stocks rebounded from the previous session’s declines. The Nikkei share average gained 71.74 points or 0.36% to 20,225.09 points. The Australian market declined in the absence of a clear lead from Wall Street and following the release of weaker than expected U.S economic data. Mining and oil stocks were lower while banks advanced as the S&P/ASX 200 benchmark index slipped 23.70 points or 0.41% to 5,696.50 points.

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