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KSi Daily Report: Monday, 9 March 2015

POMSOX trading opened the week in moderate trading as five stocks traded on Monday’s session. The main index KSi shed 2.39 points or 0.07% 3,648.69 points and likewise Kina Securities home index KSHi declined 26.54 points or 0.27% to 9,744.14 points.

The session recorded two losses versus nil gains.

Junior cap exploration stocks Marengo Mining Ltd (MMC) and Kina Petroleum Ltd (KPL) ended at 4toea and 75toea flat respectively. Credit Corporation Ltd (CCP) closed unchanged at K2.60 even.

On the downside, financial Bank South Pacific Ltd (BSP) ended at K7.35, down by 5toea. Similarly, Oil Search Ltd (OSH) was down by 1toea to end at K17.01.

Total shares transacted on Monday were 119,409 units valued at K80,609.08.

In markets abroad, U.S stocks closed lower as Europe took on the Dow Jones Industrial’s revenues The DJIA Industrial Average fell 278.94 points or 1.54% to 17,856.78 points. Japanese stocks fell on Monday moving away from a 15 year high hit last Friday, after a strong U.S jobs report stoked concerns that the Fed could raise interest rates sooner. The Nikkei share average slumped 177.09 points or 0.93% to 18,793.91 points. Australian shares fell the most in nine weeks on Monday as investors continued to cash in on recent multi-year highs, while upbeat U.S jobs data raised expectations the Fed will raise rates sooner than later. The benchmark S&P/ASX 200 shed 77.56 points or 1.31% to 5,821.30 points.

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