KSi Daily Report: Friday, 25 September 2015

Both Kina Securities stock indices gained on the last trading day of week amid a quiet trading session. The Kina Securities Main index or KSi added 4.75 points (+0.13%) to 3,529.53 points and the Home index or KSHi collected 150.38 points (+1.57%) at 9,729.59 points today.

Friday’s session registered a gain with none that fell.

Bank South Pacific Ltd (BSP) gained 15toea at K7.50, the stock’s increase helped both indices to close on a positive note.

Meanwhile, Credit Corporation Ltd (CCP) was the only unchanged stock for the session at K2.40 flat.

Friday’s trading recorded a total volume of 6,068 shares with a monetary value of K26,323.80.

In markets abroad, U.S. stocks closed lower in overnight trading logging a third straight day of declines, as investor confidence fell ahead of a speech by Federal Reserve. The Dow Jones Industrial Average declined 78.57 points or 0.5% to close at 16,201.32 points. However, Japanese stocks bounced back from two-week low hit earlier in the day as investors bought real estate companies and financial shares on renewed hopes that the Bank of Japan might ease its policy as soon as next month. The Nikkei rose 308.68 points or 1.76% to 17,880.51 points after having dropped to a two-week low of 17,483.69 earlier in the day. The Australian share market has closed lower in a choppy session Friday with the benchmark S&P/ASX200 index down by 6.6 points 0.13% lower at 5,065.10 points after heavyweight energy and bank shares weighed down.

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