KSi Daily Report: Thursday, 02 June 2016

Both Kina Securities stock indices closed positively attributed by a mining giant on Thursday’s POMSOX session. The Kina Securities main index gained 98.92 points or 2.27% to 4,465.89 points. Similarly, the Kina Securities Home Index KSHi rose 6.66 points or 0.070% to 9,345.88 points.

POMSOX trading today registered two gains versus a loss.

Positive attributes to the KSi main index was contributed by dual-listed mining stock Newcrest Mining Ltd (NCM), up K2.00 to close at K42.00. Likewise, financial stock Credit Corporation Ltd (CCP) was the other stock completed at K1.67, after adding a toea.

On the downside, junior cap mining explorer Highlands Pacific Ltd (HIG) ended 5toea lower to end at 20toea.

Total shares transacted today was 26,810 units at a monetary value of K32,744.99.

U.S stocks eked out a gain in overnight trading as investors focused on the positive aspects of the latest batch of data showed the U.S economy plodding along. The Dow Jones Industrial Average added 2.47 points or 0.01% to 17,89.67 points. Japanese stocks suffered their biggest daily percentage drop in a month hit by stronger yen. The Nikkei share average slumped 393.18 points or 2.32% to 16,562.55 points. The Australian share market closed in red territory, dragged lower by retail giants Westfarmers and Woolworths as well as banking stocks. The benchmark index S&P/ASX 200 was down 44.27 points or 0.83% to 5,278.90 points.

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