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KSi Daily Report: Wednesday, 19 February 2014

POMSoX session was quiet on Wednesday with only one trade done. But it was good enough to lift both Kina Securities indices. The main index or KSi was up by 4.44 points or 0.12% at 3,614.63 points and similarly the home index or the KSHi rose 77.05 points or 2.13% at 8,087.75 points at the close.

The rest remained unchanged.

Bank South Pacific (BSP) recouped yesterday’s loss of 14toea to K7.94 today as the largest banking stock in terms of market capitalization in PNG was the only stock traded during the session, which recorded only 758 units traded valued at K6,018.52.

In US markets, The Dow Jones Industrial Average closed lower by 23.99 points or 0.15% at 16,130.40 points, after component Coca-Cola Co. reported disappointing earnings. Japan’s Nikkei share average fell 76.71 points or 0.52% at 14,766.53 points on Wednesday, as investors took profit on banks and exporters a day after it had logged its biggest percentage gain in six months. The Australian share market has closed higher with the big banks all in positive territory today. The benchmark S&P/ASX200 index was 15.4 points, or 0.29% higher at 5,408.20 points.

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