Friday’s POMSOX trading session ended the month of September on a positive note as both Kina Securities Stock Indices gained. The Kina Securities Main index KSi collected 5.13 points or 0.11 % at 4,769.82 points. Similarly, the Kina Securities Home Index or KSHi rose 98.50 points or 0.93% at 10,746.32 points.
Two stocks gained among the rest that were unchanged.
Banking and financial stock Bank South Pacific Ltd (BSP) closed 10toea higher to end at K9.10. Followed by energy stock Oil Search Ltd (OSH) at K17.02, up 2toea.
Meanwhile, stocks traded however remained unmoved were Credit Corporation Ltd (CCP) and Kina Securities Ltd (KSL) at K1.85 and K2.70 flat respectively. Junior cap explorer Highlands Pacific Ltd (HIG) and mining stock Newcrest Mining Ltd (NCM) both evened out at 18toea and K46.00 respectively.
The day’s trading session transacted a substantial volume of 141,299 shares at a monetary value of K443,869.49.
U.S stocks closed lower recovering from session lows, following a selloff fueled by investor worry about European banks and talks of a December rate increase by the Feds. The Dow Jones Industrial Average closed down 195.79 points or 1.1% at 18,143.45 points. Japan’s Nikkei slipped after fears about the stability Deutsche bank shook Wall Street and took a toll on financial shares, with the Japanese stock index on track for a weekly and monthly losses. The Nikkei share average slumped 248.52 points or 1.49% at 16,445.19 points. The Australian share market closed lower as the benchmark S&P/ASX 200 was down 41.5 points or 0.76% at 5,429.80 points.
The day’s POMSOX trading session was rather quiet as both Kina Securities Stock Indices closed unchanged. The Kina Securities main index was steady at 4,764.69 points while the Kina Securities Home Index, KSHi was maintained at 10,647.82 points.
Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both unmoved, closing flat at K9.00 and K1.85 flat respectively.
Wednesday’s session transacted a total of 3,874 shares valued at K11,220.95.
U.S stocks closed higher as oil prices surged on reports of an OPEC deal that would freeze production. The Dow Jones Industrial Average gained 32 points 0.18% at 18,270 points. Japan’s Nikkei share average rose as investors had a weakening yen and rallying oil prices after OPEC’s surprise deal to trim crude output. The Nikkei stock index closed up 228.31 points or 1.39% at 16.,693.71 points. The Australian share market was on the back of positive news for the energy sector with the S&P/ASX 200 benchmark index was up 51.2 points or 0.95% at 5,463.60 points.
POMSOX trading session on Wednesday ended with both Kina Securities stock indices gaining attributed by a financial home-listed stock. The Kina Securities main index KSi collected 0.84 points or 0.02% at 4,764.69 points. Likewise, the Kina Securities Home Index or KSHi rose 26.65 points or 0.25% to 10,647.82 points.
One stock rose compared to another that remained on today’s session.
Credit Corporation Ltd (CCP) was the sole winner for the day, gaining 4toea to close high at K1.85.
Junior cap explorer Highlands Pacific Ltd (HIG) was unmoved as the stock maintained at 18toea flat.
Total shares recorded were 67,527 units at a monetary value of K19,479.48.
In markets abroad, U.S stocks rebounded following two sessions of losses on a combination of robust economic data as the Dow Jones Industrial Average gained 133 points or 0.7% to finish at 18,227 points. Japan’s Nikkei share average fell, pressured by the yen’s recent strength as well as ex-dividend share price adjustments as the Nikkei benchmark slumped 218.53 points or 1.31% to 16,465.40 points. The Australian share market was higher due to financial and consumer staple companies. The benchmark S&P/ASX 200 index was up 26.8 points at 5,432.70 points.