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KSi Daily Report: Wednesday, 18 December 2013

POMSoX trading was quiet for Wednesday’s session with Kina Securities main index weakened. The KSi was down by a small margin of 0.74 points or 0.02% to 3,871.85 points. Meanwhile the Kina Securities Home Index or the KSHi remained at 8,179.55 points

Only one stock lost compared to no other movement on other stocks on POMSoX today.

Marengo Mining Ltd (MMC) closed another toea lower at 17toea.

Bank South Pacific Ltd (BSP) and New Britain Palm Oil Ltd (NBO) were traded even at K7.99 and K15.00 respectively.

The day’s trading session had a thin volume of 15,630 shares valued at K8,349.31 exchanged hands.
In New York, US. stocks closed almost flat as markets remained focused on the Federal Reserve’s upcoming decision on the fate of the stimulus program. The Dow Jones Industrial Average closed 9.31 points or 0.06% lower to 15,875.26 points. In Asia today , stocks traded generally mixed. The Japanese Nikkei Share Average surged 309.17 points or 2.02% at 15,587.80 points today as investors bet the decision of the U.S. Fed’s policy meeting will not materially alter a promising outlook for Japanese equities. However, Australian, shares were marginally weaker as the stimulus uncertainty hits banks. The S&P/ASX 200 was lower by 7.10 points or 0.14% at 5,096.10 points today. The Aussie dollar crossed at 0.89 USD.

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