Friday’s POMSOX trading session ended on a positive note for a second consecutive session. The Kina Securities Main index KSi was up 49.16 points or 1.03% to 4,813.86 points. Meanwhile, the Kina Securities Home Index KSHi declined 9.85 points or 0.09% to 10,648.95 points.
Oil Search Ltd (OSH) was the winning stock for the day. The stock edged up 50toea to end higher at K18.00.
Bank South Pacific Ltd (BSP) declined by a toea to close lower at K8.97.
Total shares registered were 7,482 shares worth K125,257.71.
U.S stocks closed with modest losses in overnight trading following as Telecom stocks declined with the Dow Jones Industrial Average shed 35.00 points or 0.19% to 18,073.00 points. The Australian share market declined following weak cues from Wall Street and lower commodity prices as the benchmark S&P/ASX was down 28.00 points or 0.51% to 5,414.10 points. Japan’s Nikkei share average edged down in choppy trade snapping a five-day winning streak on profit taking as the benchmark Nikkei fell 50.91 points or 0.30% to 17,184.59 points.
Both Kina Securities stock indices gained grounds on Thursday’s POMSOX trading session. The Kina Securities Main index KSi surged 91.67 points or 1.96% at 4,764.70 points. Similarly the Kina Securities Home Index KSHi rose 9.85 points or 0.09% at 10,658.80 points.
Three stocks gained versus nil losses today.
Energy stock Oil Search Ltd (OSH) led the winners, up by 40toea to close high at K17.50 followed by Newcrest Mining Ltd (NCM) at K45.00, adding a toea to end at K45.00. Bank South Pacific Ltd (BSP) also closed higher at K8.98, up a toea.
Meanwhile, Credit Corporation Ltd (CCP) was the only stock unmoved at K1.90.
The day’s session transacted a total of 7,935 shares valued at K71,807.14.
U.S stocks closed higher for a second session boosted by a rally in the energy sector and stronger-than-expected quarterly results from Morgan Stanley. The Dow Jones Industrial Average rose 25.00 points or 0.14% to 18,150.00 points. Japan’s Nikkei share average rose to a near six –month high taking cues from rising U.S stocks as investors priced in the outcome of the final U.S presidential election debate, advancing 236.59 points or 1.39% to 17,235.50 points. The Australian stock market pared early gains and was modestly higher as investors digested weaker-than-expected Australian jobs data. The S&P/ASX 200 benchmark added 7.60 points or 0.14% to 5,443.00 points.
Wednesday’s POMSOX session saw both stock indices headed in opposite directions. The Kina Securities Main index KSi was down 101.19 points or 2.12% to 4,673.03 points while the Kina Securities Home Index was advanced 19.70 points or 0.19% to 10,648.95 points.
One stock gained compared to another that lost.
Winning stock for the day was Bank South Pacific Ltd (BSP) at K8.97, closing up by 2toea.
On the downside, mining giant Newcrest Mining Ltd (NCM) was down by K2.00 to end lower at K44.00 at the close.
Today’s trading session was recorded a light volume of 8,506 shares valued at K83,304.82.
U.S stocks closed higher as investors welcomed stronger-than-expected quarterly results from a roster of companies as the Dow Jones Industrial Average rose 75.54 points or 0.6% to close at 18,161.94 points. Japanese shares rose for a fourth day taking cues from a bounce in Wall Street shares as the Nikkei share average climbed 35.30 points or 0.21% at 16,998.91 points. The Australian market closed higher following positive leads from overseas equity markets overnight with local stocks trading firmly above the flat line. The S&P/ASX 200 rose 24.60 points or 0.45% at 5,435.40 points.