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KSi Daily Report: Wednesday, 18 October 2017

POMSoX equities finished Wednesday’s session on a mixed note as the Kina Securities Index, KSi, added 1.57 points, 0.03%, ending at 5,271.82 points while the Home Index or the KSHi was down 49.25 points (+0.45%) to 10,938.20 points.

One stock rose while another fell for the session

The co-partner to the largest LNG-project in PNG, Oil Search Ltd (OSH) advanced 3 toea to end at K17.69.

The downfall came from Bank South Pacific Ltd (BSP) ending at K9.40, giving up 5toea.

Meanwhile, Credit Corporation Ltd (CCP) was flat at K1.78.

The day’s trading session recorded a total of 9,219 units valued at K78,593.89.
U.S. stocks ended mostly higher in overnight trading with the Dow finishing at records as a round of positive earnings reports from major companies boosted positive sentiment and extended the recent uptrend. The Dow Jones Industrial Average closed up 40.48 points, or 0.2%, at 22,997.44 points. Japan’s Nikkei share average edged up on Wednesday, getting a lift from further gains on Wall Street and as investors bet a weekend election would usher in continued political and monetary stability. The Nikkei was up 31.44 points or 0.15% at 21,364.22 points at close of trading. The Australian share market finished marginally higher on Wednesday but managed to extend a nine-session rally as the index approaches six-month highs. The benchmark S&P/ASX 200 index climbed 0.90 points or 0.02% to end the day at 5,890.50 points.

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