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KSi Daily Report: Wednesday, 25 May 2016

Wednesday’s POMSoX session was active with both Kina Securities stock indices advancing. The Kina Securities Main Index or the KSi rose 104.87 points or 2.43% at 4,416.25 points, similarly the Kina Securities Home Index or the KSHi collected 98.50 points or 1.07% to close at 9,299.24 points.

Two stock gained with no losses for today, accompanied by a debit stock.

Bank South Pacific Ltd (BSP) led the advance after collecting 10 toea at K7.75 followed by mining giant, Newcrest Mining Ltd (NCM) at K40.00 with an impressive gain of K2.00.

Stocks traded however remained unchanged were Oil Search Ltd (OSH) and Highlands Pacific Ltd (HIG) at K17.00 and 25 toea respectively.

BSP unsecured notes (BSPHA) also traded during the session completing K25,000.00 unmoved.

Wednesday’s trading registered a combined volume of 73,069 units with a monetary value of K717,843.25

U.S. stocks surged to close higher in overnight trading as a rally in financial and technology shares underpinned a sharp, broadly based stock-market advance. The Dow Jones Industrial Average rallied 213.12 points, or 1.2%, to close at 17,706.05 points. Japanese stocks rebounded on Wednesday as exporters received a boost from a stronger dollar following firm U.S. housing data and as growing support for the British campaign to remain in the European Union bolstered global risk appetite. The Nikkei share average climbed 258.59 points or 1.57% to 16,757.35 points at close of market. The Australian share market has followed the upward trend boosted by gains in the two biggest sectors: banks and resources. The benchmark S&P/ASX 200 was up 76.90 points 1.45% at 5,372.50 points.

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