KSi Daily Report: Monday, 16 November 2015

Kina Securities Indices opened the week on the downside after the close of POMSoX trading session on Monday. The main index, KSi fell 1.09 points (-0.03%) to end at 3,550.17 points. Likewise, the Kina Securities Home Index or KSHi shed 34.57 points (0.36%) to 9,620.85.

Only two stocks were traded. One fell while the other ended flat.

Bank South Pacific Ltd (CPL) ended lower at K7.40, off 4 toea.

Meanwhile, Credit Corporation Ltd (CCP) was unchanged at K2.40. Kina Securities Ltd (KSL) remained at K2.60 with no trade today.

Total shares registered today was 15,326 units at a share worth of K51,292.40.

U.S. stocks fell sharply Friday, logging their worst weekly losses in months as lackluster retail data and slumping commodities combined to sap demand for equities. The Dow Jones Industrial Average sank 202.83 points, or 1.2% at 17,245.24 points. Japanese stocks fell in thin trade with exporters, airline and travel agency stocks all hit by reduce appetite for risk following the deadly Islamist militant attacks in Paris. The Nikkei dropped 203.32 points or 1.04% to 19,393.69 points, lowest since Nov. 6. Likewise, the Australian shares closed almost 1% lower as cautious investors mull the possible fallout from the deadly terror attacks in Paris. The benchmark S&P/ASX200 closed Monday down 47.50 points (-0.94%) at 5,003.80 amid heavy selling among banking and resources stocks.

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