KSi Daily Report: Monday, 06 February 2017

Monday’s session was steady amid a moderate trading session as both stock indices were maintained. The Kina Securities main index KSi was flat at 4,816.73 points and similarly the Kina Securities Home Index was unmoved at 10,675.09 points.

Financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were unchanged at K9.00 and K1.95 flat respectively.

The total shares recorded today were a total 21,867 shares valued at K66,667.05.

U.S stocks finished higher following gains in the financial sector reaching a new high after a sighed executive order to roll back bank regulations with a stronger than expected jobs report. The Dow Jones Industrial Average rose 3.00 points or 0.02% to 19,989.00 points. Japan’s Nikkei share average rose as bank stocks soared following moves by Trump to reduce regulation in the financial sector, but a slightly stronger yen kept gains limited. The Nikkei share average gained 43.01 points (0.23%) to close at 18,961.21 points. The Australian stock market advanced following gains on Wall street on the back of strong U.S jobs data with the mining and banking sector among the leading gainers. The benchmark index S&P/ASX 200 gained 19.40 points or 0.35% to end at 5,641.00 points.

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