KSi Daily Report: Wednesday, 13 August 2014

Both Kina Securities Indices recouped their losses from yesterday aided by a key bank stock on POMSOX Tuesday. The Main Index KSi was up 4.16 points (0.11%) to 3,775.69 points and the home index KSHi recovered 133.09 points or 1.54% points to 8,773.59 points.

The day’s trading session recorded a gain versus the same number of loss.

Bank South Pacific Ltd (BSP) regained 45 toea to K7.45 supported by the company’s improving share buyback price.

Oil Search Ltd (OSH) headed the opposite direction as the oil and gas stock fell 4 toea to K19.12 despite upward move on the ASX for the dual listed stock.

Tuesday POMSoX session registered a combined volume of 3,919 shares valued K44,951.05.

U.S. stocks advanced overnight, led by a rally in small-cap companies despite continued tensions in Ukraine and the Middle East, with The Dow Jones Industrial Average advancing 16.05 points at 16,569.98 points. Japan’s Nikkei share average extended its recovery from two-month low today. The Nikkei rose 30.79 points or 0.20% to 15,192.13 points. The Australian share market closed higher boosted by easing international conflicts. The benchmark S&P/ASX200 index ended up 73.30 points or 1.34% at 5,530.30 points.

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