KSi Daily Report: Friday, 06 June 2014

Both Kina Securities Indices were weaker on Friday. The main index KSi declined 0.29 points to 3,686.61 points and the Home Index KSHi was lower at 7,972.99, down 0.53 points.

There were five trades recorded today with two stocks fallen.

On the downside, junior cap miner Marengo Mining Ltd (MMC) shed a toea to end at 12 toea followed by New Guinea Products Agmark Ltd (NGP) closed at 79 toea, down 1 toea.

Meanwhile, financial institution Credit Corporation Ltd (CCP) maintained at K2.70 aided by the company’s share buyback scheme.

Total shares registered was 20,381 units at a share value of K8,269.49.

U.S stocks climbed before employment data releasing on Friday as the ECB unveiled stimulus measures. The Dow Jones Industrial Average surged 98.58 points or 0.59% to 16,836.11 points. Asian investors adjusted their positions ahead of monthly U.S employment. The Nikkei share average added 0.07% to 15,090 points. Australian shares rose for the first time in four trading days after ECB cut rates overnight for the first time in 6 months. The benchmark S&P/ASX 200 rose 32.62 or 0.60% to 5,469.50 points.

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