KSi Daily Report: Monday, 16 May 2016

POMSoX opened the week on a quiet note with Kina Securities indices staying flat at the close of market today. The main index or KSi was steady at 4,306.72 points, likewise the home index or KSHi stationed at 9,052.98 points.

Only one stock traded today accompanied by a debt stock, with all ended even.

Credit Corporation Ltd (CCP) completed at K1.60 flat with BSP unsecured Notes (BSPHA) traded even at K25,000.00.

Monday’s session recorded a combined total of 10,110 units with a monetary value of K2,766,000.00.

In overseas news, U.S stocks tumbled Friday, notching another weekly loss for the three main benchmarks. Shares dropped as a strong report on U.S. retail sales failed to assuage investor worries about the troubled sector. Meanwhile, a drop in crude-oil futures weighed on energy shares and deflated investors’ appetite for risky assets. The Dow Jones Industrial Average fell 185.18 points, or 1.05%, to finish at 17,535.32 points. However, Japanese stocks rose on Monday as strong U.S. data offset some of the worries over softness in Chinese economic indicators, while the yen’s inability to sustain its recent strength also helped underpin sentiment. The Nikkei share average climbed to 16,583.04 up by 54.19 points or 0.33%. In Australia, The benchmark S&P/ASX200 index was up 29.90 points or 0.56% at 5,369.70 points bolstered by gains in mining and financial share.

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