KSi Daily Report: Friday, 30 December 2016

The POMSOX trading session was quiet on the last trading day of 2016 as both stock indices remained. Friday’s session saw the Kina Securities main index maintaining at 4,815.25 points and likewise the Kina Securities Home Index KSHi steady at 10,628.45 points.

Financial and banking stock Bank South Pacific Ltd (BSP) was the only stock traded flat at K9.00. The stock traded a thin volume of 222 shares valued at K1,998.00.

U.S stocks closed fractionally lower as investors remained reluctant to make big bets in a thinly-traded session ahead of long holiday weekend. The DJIA closed off 11 points or less than 0.01% at 19,821.49 points. Japan’s Nikkei share average dropped to a three-week low on Friday as investors took profits from the recent gains on the last trading day of 2016. The Nikkei was down 96.76 points or 0.51% to 19,048.38 points. The Australian stock market closed modestly lower following modest losses overnight on Wall Street and in the absence of any fresh significant cues. The benchmark S&P/ASX 200 declined 22.80 points or 0.40% to 5,676.30 points.

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