Both Kina Securities Indices retreated on Wednesday after POMSoX trading closed as three stock headed south. The Kina Securities main index, KSi, declined 44.13 points or 1.26% to 3,452.84. Likewise the Home Index, KSHi, shed 2.98 points or 0.03% to end at 9,553.87 points.
Three stocks lost compared to another three stocks that traded unchanged. None of the stocks gained.
Oil Search Ltd (OSH) moved further lower by 50 toea to K15.50, continues to be affected by global falling crude price. Kina Asset Management Ltd (KAM) fell 3 toea at K1.00 whilst followed by City Pharmacy Ltd (CPL) at K1.43, down a toea.
A Junior cap exploration stock Marengo Mining Ltd (MMC) led the unchanged stocks for the day at 5 toea. Meanwhile a leading financial institution Bank South Pacific Ltd (BSP) closed at K7.14 flat and New Britain Palm Oil Ltd (NBO) traded thinly at K26.00 even.
The day’s session recorded volume of 26,161 units at value of K54,483.16.