KSi Daily Report: Friday, 7 February 2014

POMSoX stocks closed Friday’s trading session on a quite note as only two stocks were traded. The Kina Securities Main Index or the KSi was flat at 3,871.94 points while the Home index, the KSHi, remained stable at 8,205.06 points.

Bank South Pacific Ltd (BSP) traded at K7.97 and Credit Corporation Ltd (CCP) completed at K2.60 eve. The stock traded lower at K2.50 earlier but managed to recover by close of market supported by the share buyback.

The day’s trading registered a total of 31,749 shares at a value of K87,697.23.

In US markets, the Dow Jones Industrial Average (DJIA) advanced 188.30 points (1.22%) to 15,628.53 as markets awaiting the U.S job reports for better clues on the strength of the recovery of the economy. While in Asia today, Japan’s Nikkei average moved away from a four-month low hit earlier this week as investor too hopes for an upbeat U.S. jobs report. The Index surged at 14,462 points, up 307 points or 1.10% at the close. The Australian share market ended the week with a second straight gain after the central bank lifted its forecasts for economic growth. The benchmark S&P/ASX200 ended with a gain of 35.12 points or 0.68% at 5,166.53. Aussie remains above 0.8940 U.S.

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