KSi Daily Report: Wednesday, 25 November 2015

The Kina Securities main stock index, the KSi, closed marginally lower today as junior cap miner declined. The KSi ended 3.05 points or 0.09% lower to 3,565.23 points. Meanwhile, the home index or the KSHi remained steady at the same level of 9,647.90 points amid a thin trading session.

Wednesday’s session ended with a single loss and nil gain.

Highlands Pacific Ltd (HIG), the dual listed company on both the ASX and POMSoX, headed down to finish at 20 toea as the stock gave up 5 toea today.

Stocks traded however remained unchanged were the financials, Bank South Pacific Ltd (BSP) at K7.50 even and Credit Corp Ltd (CCP) ending at K2.30 flat.

The day’s session recorded a total volume of 36,463 units valued at K81,765.30.

U.S. stocks closed slightly higher in overnight trading, buoyed by a jump in oil prices after Turkey’s downing of a Russian warplane raised concerns over the possibility of disruptions to energy output in the region. The Dow Jones Industrial Average rose 19.51 points, or 0.11%, to settle at 17,812.19 points. However Japanese stocks fell on Wednesday, snapping a five-day winning streak as investors took profits amid geopolitical tensions that damaged risk appetite and a strengthening yen that hurt sentiment, dragging down exporters and financials. The Nikkei share average shed 77.31 points or 0.39% to end the day at 19,847.58 points ending a five-day winning streak. Likewise, The Australian benchmark S&P/ASX200 index was down 32.70 points, or 0.63% at 5,193.70 points after four big banks pulled the share market more than half a percentage point lower, losing ground for a second straight session.

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