KSi Daily Report: Monday, 01 February 2016

The first day of February saw Kina Securities stock indices opened on a weaker note amid a rather quiet trading session on POMSOX. The main index or the KSi was down by 0.55 points or 0.02% at 3,379.55 points, but the home index KSHI remained unchanged at 9,326.62 points.

One stock lost as the other transacted flat today.

Dual-listed banking and financial stock Kina Securities Ltd (KSL) was down at K2.40, retreating 5toea. On ASX, the stock closed at 90c.

Other stocks, Bank South Pacific Ltd (BSP) and City Pharmacy Ltd (CPL), were flat at K7.48 and K1.31.

Today’s POMSOX session recorded a light volume of 3,839 shares traded at a value of K9,140.30.

U.S stocks closed sharply higher on Friday, booked a second straight weekly gain but posting the worst January performance since 2009. The Dow Jones Industrial Average was up 396.66 points or 2.47% to 16,466.30 points. Japan’s Nikkei share average soared to more than a 3 week high as BOJ rates moved, spurring further buying. The Nikkei was at 17,865.23 points, ending high by 346.93 points or 1.98%. The Australian share market ended the trading session higher, buoyed by gains across the board. Financial and energy stocks pushed the benchmark S&P/ASX 200 index to an intraday high of 5,043.60, up 38.08 points or 0.76% today.

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