KSi Daily Report: Wednesday, 20 January 2016

Both Kina Securities indices closed higher despite regional stocks sell-off and oil price rout today. The main index KSi rose 27.40 points or 0.82% to 3,385.59 points and the home index or KSHi advanced 33.31 points or 0.35% at 9,466.33 points.

Two stocks gained versus none that fell on POMSOX trading.

Oil Search Ltd (OSH) advanced at K14.10, up 10toea. Credit Corporation Ltd (CCP) also finished higher with 5toea at K2.05.

Meanwhile, Newcrest Mining Ltd (NCM) was traded unchanged at K25.00.

Wednesday’s trading recorded a total of 41,309 shares valued at K374,729.50.

U.S stocks finished slightly higher despite a renewed rout in oil prices. The DJIA Index added 27.94 points or 0.17% higher to 16,016.02 points amid decline in U.S energy prices that highlighted ongoing investor concerns . Japan’s Nikkei Average fell 632.18 points, -3.71%, to 16,416.19 points today , on lower U.S. crude prices after the International Energy Agency warned that the oil market could “drown in oversupply.” In Australia, the S&P/ASX200 fell to 4,841.5 points, down 62 points. or -1.26%, following commodity retreats.

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