POMSOX trading settled extended losses amid quiet session with light volume as both Kina Securities Indices closed lower. The main index KSi fell 51.80 points or 1.43% to 3,580.07 points. Likewise, the home index KSHi also slumped 79.60 points or 0.81% to 9,719.02 points.
Financial home-listed stock Bank South Pacific Ltd (BSP) caused the decline of both indices. The stock ended at K7.30, down by 15toea registering a total volume of 5,480 shares at a monetary value of K40,004.00.
On special announcements, Sime Darby Plantation Sdn BHD’s takeover acquisition of shareholding in NBPOL was successful today. The Offer was made at K28.79, with more than 90% shareholders participating.
In New York, U.S stocks moved higher closing at records as the market read Reserve’s chairwoman testimony addressed to the Congress. The Dow Jones Industrial Average rose 92.35 points or 0.51% to 18,209.19 points. In Asian markets, Japan’s Nikkei share average dropped 18.28 points or 0.10% to 18,585.20 points. Australian shares edged up after a late rally driven by strong gains in BHP and QBE. The S&P/ASX 200 benchmark index rose 17.92 points or 0.30% nearing a seven-year peak of 5,944.91 points.