Cocoa increased $US28 per tonne or 0.93% to 3052 yesterday from 3024 in the previous trading session, reports tradingeconomics.com. Cocoa lost $111.40/t or 3.52% during the last 12 months from $3163.41/t in June of 2015. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.
Coffee increased 1.05c per pound or 0.86% to 122.85c/lb on Thursday June 2 from 121.80c/lb in the previous trading session, reports tradingeconomics.com. Coffee lost 8.6c/lb or 6.54% during the last 12 months from 131.45c/lb in June of 2015. Historically, coffee reached an all-time high of 339.86c/lb in April of 1977 and a record low of 42.50c/lb in October of 2001.
Kina Securities main index opened the month of June on a positive note on the Port Moresby Stock Exchange on Wednesday. The KSi collected 50.54 points (+1.17%) at 4,366.97 points however the home index or KSHi remained unchanged at 9,339.22 points at close.
There was a single gain compared to no losses. Oil Search was the sole winner for the session closing higher at K16.50 after adding 50 toea.
Meanwhile, Bank South Pacific Ltd (BSP) traded unchanged at K7.75 flat. Wednesday's trading recorded a mere volume of 2175 shares worth K34,216.25
US stocks closed lower in overnight trading after stronger than expected economic data raised the likelihood of a summer rate hike from the Federal Reserve.
The Dow Jones Industrial Average fell 86.09 points, or 0.5%, to close at 17,787.13 points. Japan's benchmark Nikkei share average extended its earlier losses after the yen built on its gains, with the US dollar slipping below 110 yen, hurting the profit outlook for exporters and other Japanese shares that benefit from a weaker currency.
The Nikkei share average slumped 279.25 points or 1.62% lower at 16,955.73 points.
Similarly, the Australian share market remains lower despite a slight boost from better than expected economic growth figures. The benchmark S&P/ASX200 index was down 55.40 points, or 1.03% at 5,323.20 points at close of market on Wednesday.
