KSi Daily Report: Wednesday, 07 October 2015

POMSoX stocks tacked on further gains to push both Kina Securities to higher ground on Wednesday, aided by two key stocks. The main index, the KSi, edged 85.06 points or 2.45% to 3,562.36 points and the home index or the KSHi advanced about 134.02 points or 1.38% to end at 9,815.79 points as well.

During the session , there were two stocks that gained against one that fell today.

Bank south pacific (BSP), the largest banking stock in terms of market capitalization, added 10toea to close at K7.45. Oil Search Ltd (OSH) advanced at K15.80, up 80toea on the back of improving ASX prices closing at $7.70, up 35 cents.

On the down side, City Pharmacy Ltd (CPL) lost a toea at K1.39.

Credit Corporation Ltd (CCP) was unchanged at K2.55 flat. Kina securities Ltd (KSL) again not traded. In ASX, the stock traded flat at$1.10.

Today’s trading saw a total volume of 42,102 units worth of K182,825.30 changing hands.

In US markets, the Dow Jones Industrial Average eked out a small gain in overnight trading, adding 13.76 points to 16,790.19 points with nearly half of the blue-chip companies finishing higher. Japanese stocks gained for a sixth day in choppy trade on Wednesday as the Bank of Japan’s decision to keep policy unchanged. The Nikkei Average rose 137 points or 0.75% to 18,322.98 points. In The Australian shares mostly recovered from a midday slump to post a third straight gain driven by a sustained rally among energy companies. At the close, the benchmark S&P/ASX200 index was up 30.5 points, or 0.59% at 5,197.90 points.

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