The Kina Securities main stock index, the KSi, closed marginally higher today with one key stock gaining ground. The index ended up 1.08 points or 0.02% to 5,291.63 points. Meanwhile, the home index or the KSHi remained steady at the same level of 11,047.53 point amid a very thin trading POMSoX session.
The co-partner to the largest LNG-project in PNG, operated by Exxon-Mobile Ltd, Oil Search Ltd (OSH) was the only stock traded today and advanced a Toea to end at K17.84. The stock traded mere volume 200 shares with a value of K3,568.00.
U.S. stocks closed higher in overnight trading after a round of solid corporate earnings. The Dow Jones Industrial Average rose 160.50 points or 0.69% to 23,590.83 points. Japan’s Nikkei share average advanced 106.67 points or 0.48% at 22,523.15 points on Wednesday buoyed by gains in large-cap stocks such as Softbank, Fanuc and financial companies as global growth hopes lifted the mood across world markets. Australia’s S&P/ASX 200 benchmark index rose steadily Wednesday, tracking Asian gains in oil prices. After crude rose overnight, futures jumped further in Asian trading following the release of bullish U.S. oil-inventory data. The XJO was up 22.90 points or 0.38points at 22,523.15 points at close.