Wednesday’s POMSOX session saw both stock indices headed in opposite directions amid trading. The Kina Securities main index KSi slipped 47.42 points or 0.97% to 4,831.17 points while the Kina Securities Home Index KSHi gained 29.36 points or 0.27% to 11,097.18 points.
Two stocks gained versus another stock that fell.
Bank South Pacific Ltd (BSP) led the winners which closed 2toea higher, ending at K9.54. Agmark NGIP Ltd (NGP) also edged up by 10toea to 70toea at the close. Followed closely by BSP Unsecured Notes (BSPHA) at K25,600, up by K100.00.
On the downside, Oil Search Ltd (OSH) slipped 45toea lower to K17.55.
Credit Corporation Ltd (CCP) was the only other stock traded flat at K1.78.
The day’s trading transacted a volume of 39,752 units at a monetary value of K1,527,032.99.
U.S shares slipped after technology shares continued to retreat while a delay on a vote on healthcare vote delayed. The Dow Jones Industrial Average fell 10.00 points or 0.05% to 21,281.00 points. Japanese stocks were dragged down by falls in their U.S counterparts while financials rallied on the back of rising U.S yields. The Nikkei share average shed 85.97 points or 0.43% to 20,139.12 points. The Australian share market closed on the red on the back of mixed results at the S&P/ASX 200 fell 6.00 points or 0.10% to 5,714.20 points.
Tuesday’s POMSOX trading session saw one stock index closing on a positive note while another maintained. The Kina Securities main index KSi climbed 52.72 points or 1.09% to end at 4,878.60 points while the Kina Securities Home Index KSHi was unchanged at 11,067.82 points.
Oil Search Ltd (OSH) gained 49toea to close higher at K18.00.
Stocks traded unchanged included Credit Corporation Ltd (CCP) and Kina Securities Ltd (KSL) at K1.78 and K2.57 flat respectively.
There was a total of 3,791 units transacted valued K35,941.37.
In overseas market news, U.S stocks ended on the red for a second consecutive session as the Dow Jones Industrial Average fell 16.00 points or 0.07% to 21,352.00 points. Japanese stocks edged up to hover near two-year highs as a weaker yen helped exporters rise, while financial stocks rebounded from the previous session’s declines. The Nikkei share average gained 71.74 points or 0.36% to 20,225.09 points. The Australian market declined in the absence of a clear lead from Wall Street and following the release of weaker than expected U.S economic data. Mining and oil stocks were lower while banks advanced as the S&P/ASX 200 benchmark index slipped 23.70 points or 0.41% to 5,696.50 points.
The week kick-started on a quiet note as one stock index rose amid thin trading on Monday’s POMSOX session. The Kina Securities main index KSi was up 1.07 points or 0.02% to 4,825.88 points while the Kina Securities Home Index KSHi was maintained at 11,067.82 points.
Energy stock Oil Search Ltd (OSH) added a toea to close higher at K17.51.
Meanwhile, Bank South Pacific Ltd (BSP) was unmoved at K9.52.
The day’s trading recorded 1,427 units at a worth of K16,045.96.
In U.S markets, the Dow ended a string of daily losses at four as the DJIA rose 14.79 points at 21,409.55 points. Japan’s Nikkei share average ticked up clinging near two-yea high hit last week on positive views of the global economy. The Nikkei rose 60.00 points or 0.30% to 20,180.00 points. The Australian market started on a high with strong gains across the board. However, local stocks lost the momentum trending downward to close slightly above the red line. S&P/ASX 200 benchmark index gained 4.30 pints or 0.08% to 5,720.20 points.