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KSi Daily Report: Tuesday, 28 March 2017

One stock index rose amid an active POMSOX trading session on Tuesday. The Kina Securities main index KSi was flat at 5,488.80 points while the Kina Securities Home Index KSHi advanced 49.25 points or 0.45% at 11,029.70 at the close.

One stock gained versus another that lost.

Bank South Pacific Ltd (BSP) closed 5toea higher, ending at a K9.36.

On the losing streak, Kina Securities Ltd (KSL) shed 10 toea to close lower at K2.50.

Oil Search Ltd (OSH) was the only other stock unmoved at K18.01.

The day’s transaction recorded a substantial volume of 304,298 units worth K820,357.28.

U.S stocks overcame steep losses but the Dow Industrials and S&P 500 still closed lower. The DJIA marked its longest losing streak since August 2011 with eight straight declines, closing down 45.74 points or 0.2% at 20,550.98 points. Japan’s Nikkei share average rebounded from more than a six-week low due to a pause in the yen’s strong yen with most sectors rose to positive territory. The Nikkei rose 192.52 points or 1.01% to 19,178.11 points. The Australian stock market advanced cues overnight from Wall Street and lower commodity prices with banks, mining and oil stocks are higher. S&P/ASX 200 benchmark index added 56.30 points or 0.98% to 5,803.00 points.

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