KSi Daily Report: Friday, 28th March 2014

Kina Securities indices closed on a negative note on Friday moving lower caused by a home listed-stock. The main index, the KSi, declined 1.49 points or 0.04% to 3,615.86 points. Likewise, the KSHi fell by 10.64 points or 0.29% to 7,960.80 points at the close.

Friday’s trading recorded a single trade which traded on a loss against none.

A leading oil and gas company Oil Search Ltd (OSH) shed a toea registering trades at K17.63.

Today’s trading session recorded 539 shares at a share worth of K9,502.57.

In the overseas market, the U.S stock market extended losses for the second day finishing lower amid concerns that improving economic indicators might force the Fed to start raising rates sooner than anticipated. Dow Jones Industrial Average shed 4.76 points, or 0.03% ending at 16,264.23 points today. Asian stocks rose with the benchmark gauge heading for its biggest weekly increase with the Japanese Nikkei share average advancing 40 points, or 0.28% closing the market at 14,663. Australian S&P/ASX 200 ended higher with the index at 16.85 points, 0.31% surging by 5,366.94 points today.

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