KSi Daily Report: Friday, 17 January 2014

Both Kina Securities stock indices ended in the red after POMSoX closed on Friday weakened by a home stock. The main index, the KSi, slipped a mere 0.08 points to 3,869.73 points. Likewise, the home index or the KSHi closed 1.41 points (-0.02%) lower to finish at 8,215.70 points.

Only one stock lost with no gain for the session.

The decline was attributable to City Pharmacy Ltd (CPL) as the sole listed pharmaceutical lost a toea to end at K1.95 in a thin trade.

Bank south Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were the only two stocks traded but stayed unchanged, as both financial closed steady at K7.99 and K2.60 respectively.

Friday trading recorded a combined volume of 18,030 shares valued at K80,593.50.

In the US market, The Dow Jones Industrial Average fell 64.93 points, or 0.4%, to 16,417.01. in overnight trading, quitting two days of gains, as earnings reports took down the financial sector. Similarly, The Nikkei stock average dropped 12.74 points or 0.08% at 15,734.46 points on Friday as disappointing U.S. corporate earnings hurt sentiment. Meanwhile, Australia’s share market ended lower too, despite solid gains in the resources sector with banks down amid a weak Australian dollar reportedly dampening foreign buying. The S&P/ASX 200 stayed almost flat at 5,294.10, down 3.20 points or 0.06%.

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