KSi Daily Report: Friday, 26 September 2014

Both Kina Securities Indices retreated as one out of five stocks that traded fell after close of Friday’s session. The Main Index KSi shed 0.08 points to end at 3,746.24 points. Likewise, the Kina Securities Home Index KSHi dropped 1.4I (-0.02%) to 8,147.01 points.

Stocks traded unchanged for the day were led by Oil Search Ltd (OSH) and agricultural stock New Britain Palm Oil Ltd (NBO) at K19.15 and K17.50 respectively. Meanwhile financial stock Credit Corporation Ltd (CCP) maintained at K2.60 flat.

On the downside, retail stock City Pharmacy Ltd (CPL) was the only stock that lost registering at K1.48, down a toea from yesterday.

A combined volume of 17,909 units of shares valued at K111,815.28 were recorded.

U.S stocks slumped in overnight trading following disappointing durable goods data and update software withdrawal from Apple for its new Iphone 6 . At the market close, the Dow Jones industrial average was down 264.26 points or 1.54% at 16,945.80 points. Japanese stocks were weaker despite a weakened yen, while the rest of the Asian markets were also mixed. Japan’s Nikkei share average slumped 271 points or 0.77% to end at 16,247 points. Australian shares had mixed performances from all sectors as the Australian bonds rallied against sovereign bonds as the cost of insuring debt against default climbed. At the close, the benchmark S&P/ASX 200 dipped 67.67 points or 1.26% at 5,314.50 points today.

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