KSi Daily Report: Friday, 21 November 2014

Both Kina Securities stock indices managed to complete high on Friday after POMSoX trading closed, reversing yesterday’s losses. The Kina Securities main index, KSi picked up 2.15 points (%0.06%) to 3,625.90 points, similarly the home index or the KSHi rose 37.26 points (0.39%) at 9,480.12 points.

One stock gained with no other stocks that changed.

Bank South Pacific Ltd (BSP) was the sole winner for the day as the stock recouped 7 toea and ended higher at K7.19 amid a thin trading volume.

Meanwhile, stocks traded however remained unchanged were Credit Corporation Ltd (CCP) and City Pharmacy Ltd (CPL) at K2.55 and K1.44 respectively, followed closely by Marengo Mining Ltd (MMC) at 7 toea even.

Friday’s trading recorded a total of 34,316 shares valued at K32,341.00.

In foreign share markets, the U.S. stock market finished a overnight subdued trading session slightly higher. The Dow Jones Industrial Average which came amidst thin trading volumes, was enough to send the indexes deeper into record high. The Index added 33.27 points, or 0.19%, to 17,719.00 points. Japanese stocks slipped on Friday as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance rooted in U.S economic strength. The Nikkei average shed 60.63 points or 0.37% to 17,362.46 points leaving the benchmark on course to snap a run of four weeks of gains. However, Australian Shares fell for a fifth straight session to post their biggest weekly loss in 18 months. The S&P/ASX 200 benchmark index on Friday closed 11.9 points, or 0.22% lower to 5,304.30 points.

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