KSi Daily Report: Monday, 10 November 2014

Both Kina Securities Indices closed lower POMSOX trading session closed on Monday. The Main Index KSi dropped 24.12 points or 0.64% to 3,769.75 points, while Home Index KSHi lost 417.80 points or 4.23% to 9,459.36 points.

Only one stock that fell was recorded versus one that gained.

The heavily weighted agricultural stock on indices’ components, New Britain Palm Oil (NBO) fell off K2.45 toea to K25.50 as the home stock dragged down the values of the indices.

Two financial stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) ended flat at K7.12 and K2.60 respectively, followed by City Pharmacy Ltd (CPL) at K1.44 unchanged.

Monday’s session registered a sizable volume of 624,747 units with a monetary value of K4,615,878.18.

From overseas, U.S stocks closed little changed on Friday with the release of October’s job reports that produced mixed signals on the stage of economy, with The Dow Jones Industrial Average adding 19.46 points or 0.11% to 17,573.93 points. Japanese stocks hit a 1-week low as US jobs data lifted the yen. The Nikkei share average sliced 110 points or 0.65% to 16,771 points. The benchmark S&P/ASX 200 declined 25.13 points or 0.45% at 5,524 points as Australian stock market closed flat, despite records high on the U.S market.

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