KSi Daily Report: Monday, 5 December 2016

There was no trade on POMSoX trading session today. Both Kina Securities Stock Indices were untouched. The Kina Securities Main Index, KSI remained at 4,793.06 points and likewise the Home Index KSHi stayed at 10, 635.11 points at the close of market.

In overseas news, U.S. stocks struggled for direction on Friday with the Dow industrials finishing lower as investors digested a weaker-than-expected payroll report. The Dow Jones Industrial Average which flipped between gains and losses, closed down 21.51 points, or 0.11%, at 19,170.42 points. Japan’s Nikkei share average fell 151.09 points or 0.82% to 18,274.99 points on Monday after Italian Prime Minister Matteo Renzi’s defeat in a constitutional reform referendum gave investors an opportunity to sell into a market that had rallied to 11-month highs late last week. Likewise, The Australian share market has slipped lower in early trade as investors brace for fresh uncertainty sparked by exit poll results from the Italian referendum on constitutional reforms. The benchmark S&P/ASX200 index was down 43.60 points 0.82% to 5,400.40 points with financial and energy stocks dragging down the market.

KSi Daily Report: Friday, 02 December 2016

Friday’s POMSOX trading session was unchanged as both stock indexes were maintained. The Kina Securities main index was steady at 4,793.06 points and similarly the Kina Securities Home Index was maintained at 10,635.11 points.

There was no traded recorded for the day.

In overseas news, the Dow Jones Industrial average closed at a record high for a second straight session as the DJIA rose 68.35 points or 0.4% to close at 19,214.30 points. Japan’s Nikkei share average gained but dipped as investors locked in gains ahead of U.S jobs. The benchmark Nikkei declined 87.04 points or 0.47% to end at 18,426.08 points. The Australian stock market declined following mixed cues overnight from Wall Street and the surge in crude oil prices. The benchmark S&P/ASX 200 fell 17.60 points or 0.32% to 5,482.60 points.

KSi Daily Report: Thursday, 01 December 2016

December started off on a positive note as the Kina Securities main index rose on Thursday’s POMSOX trading session. The Kina Securities Main index was up 20.22 points higher or 0.42% to close at 4,793.06 points. The Kina Securities Home Index KSHi maintained at 10,635.11 points.

Oil Search Ltd (OSH) attributed to the positive movement of the main index as the stock edged up 20toea to close at K17.30.

Bank South Pacific Ltd (BSP) was the only other stock traded unchanged at K9.00 flat.

The day’s trading transacted a substantial volume of 48,227 shares worth K829,280.70.

In off-shore markets, U.S stocks finished up as the Dow Jones Industrial Average edged up 1.98% to close high at 19,123.58 points. Japan’s Nikkei ended at its highest led by mining stocks after OPEC agreed to cut crude output with a weak yen lifted overall sentiment. The Nikkei share average gained 204.64 points or 1.12% to 18,513.12 points. The Australian stock market advanced as investors cheered a deal by OPEC to cut oil production for the first time in eight years with energy stocks as the leading gainers. The benchmark S&P/ASX 200 added 23.10 points or 0.42% to 5,480.70 points.