Friday’s POMSOX trading session was quiet as both stock indices remained unchanged. The Kina Securities main index KSi was flat at 5,289.15 points and similarly the Kina Securities Home Index KSHi was steady at 11,037.68 points.
There were no trades registered for the day.
U.S. stocks closed higher in overnight trading, with earnings-inspired gains by Cisco and Wal-Mart helping to set the pace, while House passage of a Republican-sponsored tax cut plan helped cement the rally. The Dow Jones Industrial Average ended with a gain of 187.08 points, or 0.8%, at 23,458.36 after rising as much as 221 points earlier in the session. Japan’s Nikkei share average gained 45.68 points or 0.20 to 22,396.80 points on Friday helped by shares in most sectors while chip-related stocks such as Sumco and Tokyo Electron outperformed. Meanwhile, The Australian S&P/ASX 200 index was up 13.80 points or 0.23% at 5,957.30 points at close today.
Thursday’s trading session was unchanged amid moderate trading as both stock indices remained. The Kina Securities main index KSi was flat at 5,289.15 points and similarly the Kina Securities Home Index KSHi was steady at 11,037.68 points.
Bank South Pacific Ltd (BSP) was unmoved at K9.50 followed by Oil Search Ltd (OSH) at K17.82.
The day recorded a total volume of 21,190 shares worth K224, 534.44.
U.S stocks closed lower for a second session with the Dow finishing at a near one month low as crude oil prices extended losses on the heels of data that showed an unexpected rise un U.S inventories. The Dow Jones Industrial Average fell 135 points or 0.6% to end at 23,273 points. Japan’s Nikkei share average rose as buyers stepped back in for bargains following six straight days of losses as the Nikkei was up 0.6% at 22,176.87 points. In Australian markets, shares overcame the early wobbles to finish moderately higher which featured a key jobs release. S&P/ ASX 200 benchmark index closed up 9 points or 0.2% at 5,944.00 points.
Both Kina Securities stock indices were unchanged for a third consecutive session on POMSoX Wednesday. The main index or KSi was unmoved at 5,289.15 likewise, the home index was at 11,037.68 flat at the close.
Bank South Pacific (BSP) traded flat at K9.50 for Wednesday’s trading session as the largest banking stock in terms of market capitalization in PNG was the only stock traded for the whole session recording a total of 1,191 units valued at K11,314.50.
In off-shore news, U.S. stock benchmarks finished lower, but off their intraday lows, on Tuesday, with Wall Street slumping in the face of uncertainty around efforts to overhaul tax policy and a downturn in crude-oil futures. The Dow Jones Industrial Average traded off 30.23 points, or 0.1%, to 23,409, but the blue-chip gauge had been down by as much as about 170 points on the session. Japan’s Nikkei share average dropped 351.69 points or 1.57% on Wednesday with most sectors in negative territory as investors took profit on a rally that pushed local stocks about 20 percent higher over the past two months. Meanwhile, Australian shares endured a fourth straight day of loses on Wednesday, dragged down by falls in the materials sectors on owner prices for oil and metals. The S&P/ASX 200 index fell 35.5 points or 0.58% to 5,934.20 points.