KSi Daily Report: Friday, 09 September 2016

Friday’s POMSOX trading session was quiet as both Kina Securities stock indices were unchanged. The Kina Securities main index KSi was steady at 4,804.66 points while the Kina Securities Home Index KSHi was unmoved at 10,347.20 points.

Banking and financial stock Bank South Pacific Ltd (BSP) was the only stock traded for the day. The stock registered 137 shares valued at K1,205.60.

U.S stocks ended lower after the ECB failed to announce an extension of program with policies on hold. The Dow Jones Industrial Average fell 46.23 points or 0.25% to 18,479.91 points. Japan’s Nikkei was flat in choppy trade as investors looked for clues for Feds at 16,965.76 points. The Australian stock market extended losses on Friday from the previous session, tracking the negative lead overnight from Wall Street. The benchmark S&P/ASX 200 index was declined 49.10 points or 0.91% to 5,434.50 points.

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