Both Kina Securities Stock indices remained unchanged, upon returning from the long weekend for Monday’s POMSOX trading session as there was no trades registered for the day. The Kina Securities Main index or KSi was maintained at 4,800.09 points while the Kina Securities Home Index KSHi was steady at 10,202.35 points.
In U.S markets, the Dow Jones Industrial Average finished lower after comments regarding rate increase gathering steam. The DJIA was down 9.00 points or 0.05% to 18,371.00 points. Japanese stocks surged to 1-1/2 week highs as the yen weakened after U.S Fed Chair Yellen signaled an interest rate hike this year, lifting insurers and exports. The Nikkei share average surged 376.78 points or 2.3% to 16,737.49 points. The Australian stock market was lower following mixed lead from Wall Street after advocated interest rate hike. The benchmark index S&P/ASX 200 lost 40.20 points or 0.73% to 5,475.30 points.
Thursday’s POMSOX trading session saw one stock index changed as the other maintained. The Kina Securities main index KSi was down a mere 1.01 points or 0.02% to 4,800.09 points. The Kina Securities Home index or KSHi was steady at 10,202.35 points.
One stock lost to another that was unchanged.
Dual-listed energy stock Oil Search Ltd (OSH) shed a toea to close lower at K17.50.
Bank South Pacific Ltd (BSP) was the only other stock traded flat at K8.65.
The day’s trading session recorded 309 shares valued at K5,205.45.
U.S markets hit a two-week low, weighed down by losses in the healthcare and materials sectors, while oil prices tumbled about 3% on worries about oversupply. The Dow Jones Industrial Average was down 65.82 points or 0.35% to 18,481.48 points. Japanese stocks edged down as appetite for risk was checked by weakness on Wall Street and investor’s wavy before Yellen remarks. The benchmark Nikkei shed 41.35 points or 0.25% to 16,555.95 points. The Australian share market closed lower as weak commodity prices weighed on resource stocks. The benchmark S&P/ASX 200 index was down 7.9 points or 0.14% to 5,553.8 points.
Both Kina Securities stock indices closed positively amid an active trading session. The Kina Securities main index or KSi was up 1.32 points or 0.03% at 4,799.27 points. The Kina Securities Home Index or KSHi rose 9.85 points or 0.10% to 10,202.35 points.
All stocks traded today gained ground versus nil losses.
Bank South Pacific Ltd (BSP) closed a toea higher to end at K8.65. Junior cap explorer Highlands Pacific Ltd (HIG) gained 3toea to close at 18toea while Oil Search Ltd (OSH) added a toea to close high at K17.51.
Tuesday’s POMSOX trading session transacted a combined volume of 79,806 points valued at K83,897.26.
U.S share markets finished slightly higher in overnight trading after data showed upbeat housing data. The Dow Jones Industrial Average added 17.88 points or 0.10% at 18,547.30 points. In Asia, Japanese stocks rose with a pause in the strong-yen trend lifting cyclical stocks, while hopes that BOJ would buy more exchange traded funds continued to support sentiment. The Nikkei rose 87.32 points or 0.53% at 16,584.68 points. The Australian stock market edged higher following modest gains on Wall Street and amid mixed corporate earnings results. The benchmark index S&P/ASX 200 added 3.50 points or 0.06% at 5,557.30 points.