KSi Daily Report: Wednesday, 17 February 2016

Wednesday’s POMSOX trading session was active as both Kina Securities Indices ended on a positive note. The Main Index added 1.24 points (0.04%) to 3,350.98 points. Likewise, the Home Index or KSHi gained 39.40 points (0.42%) to end at 9,350.14 points.

Bank South Pacific Ltd (BSP) gained 4toea at K7.49, the stocks increase helped both indices to close on a positive note.

Meanwhile, City Pharmacy Ltd (CPL) was the only unchanged stock for the session at K1.31 flat.

Wednesday’s trading registered a total volume of 12,621 shares valued at K85,879.29.

U.S stocks rallied to close at intraday highs, providing a rare day of the recent trend of trading in lockstep with oil prices. The Dow Jones Industrial Average closed 222.57 points or 1.39% higher at 16,196.41 points. The Nikkei extended its earlier losses during mid-afternoon trading on Wednesday after the yen broke from a fragile weakening trend, unveiling investors. Japan’s Nikkei share average was down 306.58 points or 1.91% at 15,747.85 points. The Australian share market closed slightly lower despite a positive finish on the US market overnight. A profit slump and reduces dividends reports by Woodside Petroleum weighed on the energy and mining sectors. Benchmark S&P/ASX 200 dragged down by 27.93 points or 0.57% to 4,882.10 points.

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