KSi Daily Report: Monday, 02 March 2015

POMSoX opened the Month of March on a quiet note but both indices fell by close of market. The Kina Securities Main Index or KSi declined 1.45 points or 0.04% at 3,649.28 points, similarly the Home Index or KSHi dropped by 26.53 points or 0.27% at 9,772.09 points.

Bank South Pacific Ltd (BSP) fell 5 toea at K7.40 today as the fall caused both indices to close in red.

Meanwhile, Credit corporation Ltd (CCP) closed K2.60 unchanged.

Monday’s session recorded a total volume for 8,095 units valued at K55,103.00.
In overseas news, U.S. stocks ended February in mixed. The main indexes finished the week roughly where they started as stabilization in oil prices and hopes for resolution in Greece debt drama were the main drivers for monthly advances on Wall Street. The Dow Jones Industrial Average dropped 81.72 points, or 0.45%, to 18132.70 points. However, Japanese stocks closed Monday’s session at fresh 15-year highs after China’s weekend interest rate cut boosted risk appetite and as the yen weakened, but the gains were limited. The Nikkei share average ended 28.94 points or 0.15% higher at 18,826.88 points the highest closing level since April 2000. Likewise, The Australian share market closed higher on the back of interest rate cuts in China which triggered a rally among mining stocks. By close on Monday, the benchmark S&P/ASX200 index was up 30.1 points, or 0.51% at 5,958.90 points.

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