Wednesday’s POMSOX trading session saw one stock index gaining while the other maintained. The Kina Securities main index KSi climbed 14.16 points or 0.26% to 5,488.02 points. Meanwhile, the Kina Securities Home Index KSHi was steady at 10,970.60 points.
One stock gained, attributing to the positive movement of the home index compared to nil losses.
Oil Search Ltd (OSH) rose by 14toea ending the day at K18.01.
Bank South Pacific Ltd (BSP) was the only other stock unchanged K9.30.
The day recorded a total of 2,714 units at a monetary value of K26,851.55.
In markets offshore, U.S markets closed sharply lower as financials and industrials stocks dropped dramatically. The Dow Jones Industrial Average slipped 70.00 points or 0.34% to 20,557.00 points. Japanese shares extended losses after strong yen and Wall Street losses as the Nikkei share average was down 2% 2.13 points at 19,041.38 points. The Australian stock market was notably lower following the negative lead overnight from Wall Street lost 77.10 points or 1.34% 5,697.50 points.
Friday’s POMSOX trading session was rather quiet amid thin trading. The Kina Securities main index KSi was steady at 4,851.87 points and likewise the Kina Securities Home Index KSHi was maintained at 10,970.60 points.
Bank South Pacific Unsecured Notes (BSPHA) was up by K500.00, closing higher at K26,500.00.
Bank South Pacific Ltd (BSP) was unmoved at K9.30.
There was a total of 430 units recorded, worth K268,915.30.
In U.S markets, stocks dropped in overnight trading as health-care and utilities sectors weighed and oil prices put pressure on energy shares. The Dow Jones Industrial Average fell 24.00 points or 0.11% to 20,858.00 points. Japan’s Nikkei share average edged down as the yen held steady against the dollar after the Fed’s signaled fewer interest rate hikes. The Nikkei shed 68.55 points or 0.35% to 19,521.59 points. The ASX 200 moved through the key 5,800 point during a choppy session with major gains from bank shares helping the market extend its winning streak to four sessions. The benchmark index S&P/ASX 200 advanced 12.70 points or 0.22% to 5,840.20 points.
One stock index climbed while another maintained on Thursday’s POMSOX trading session. The Kina Securities main index KSi was up 15.17 points or 0.31% at 4,851.87 points while the Kina Securities Home Index KSHi was steady at 10,970.60 points.
Oil Search Ltd (OSH) was the winning stock for the day, gaining 15toea to end higher at K17.76.
Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were evened out at K9.30 and K1.95 flat respectively.
Followed closely was City Pharmacy Ltd (CPL), steady at K1.00 at the close of market.
A total of 6,643 units were registered worth K38,458.61.
U.S stocks clambered higher as the Fed’s raised interest rates for the third time since December 2015 as the Dow Jones Industrial Average rose 112.73 points or 0.5% to end at 20,950.10 points. Japanese stocks declined, hurt by the dollar’s fall against the yen as the Fed signaled interest rate hikes. The Japanese Nikkei share average added 12.76 points or 0.07% to 19,590.14 points. Australian stocks declined following the weak cues overnight and the fall in crude oil prices as the S&P/ASX 200 shed 16.60 points or 0.29% to 5,742.50