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KSi Daily Report: Wednesday, 05 August 2015

POMSOX trading session on Wednesday was steady. The Kina Securities main index KSi added 0.76 points or 0.02% to 3,481.16 . Meanwhile, the Home Index KSHi remained at 9,711.13 points.

Newly listed Kina Securities Ltd (KSL) contributed to the positive change of the Main Index, as the stock advanced 7toea to close at K2.87. The dual-listed stock closed 3cents higher at $1.40 on ASX.

Stocks traded unchanged were the financials, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were flat at K7.40 and K2.50 respectively. Oil Search Ltd (OSH) ended at K15.00 even.

There were a total of 27,541 units of shares traded worth K101,808.50.

U.S stocks closed lower Tueday, but off the session lows hit when the Fed president hints to support interest rate hike. The Dow Jones Industrial Average shed 47.51 points or 0.27% to 17,550.69 points. Japan’s Nikkei share average edged up on some positive earnings as the Index advanced 121.67 points or 0.59% to 20,642.03 points. However, the Australian market declined tracking weak cues from Wall Street as investors digested the Reserve Bank of Australia’s stance on interest rates. The S&P/ASX 200 benchmark index fell 23.90 points or 0.42% to 5,674.00 points.

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