KSi Daily Report: Thursday, 04 June 2015

POMSOX trading settled quiet amid moderate volume with both Kina Securities Indices ending up unchanged. The Main index KSi was steady at 3,555.04 points while the Home index KSHi remained at 9,753.69 points.

All stocks traded today were unchanged, accompanied by a debit stock.

Oil Search Ltd (OSH) led the unchanged at K16.00 even followed by two financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.55 respectively.

BSP Unsecured Notes (BSPHA) also traded closing K500.00 lower at K25,500.00 today.

Thursday’s trading registered a modest volume of 25,113 units with a value of K126,870.30.
U.S. stocks ended an overnight trading session with modest gains as the main indexes remained stuck in tight trading ranges ahead of the jobs report due on Friday. The Dow Jones Industrial Average added 64.33 points (+0.36%) to 18,076.27 points. Japan’s Nikkei share average rose on Thursday morning after U.S. and European shares strengthened. The Nikkei 225 rose 14.68 points (+0.07%) to 20,488.19 points, still hovering near its 15-year highs with investors also focused on U.S. jobs data due on Friday for hints on the timing of a U.S. rate hike. Meanwhile, The Australian share market remains lower extending its losing streak to four straight days despite disappointing retail spending figures fuelled hopes of another interest rate cut. By close of market Thursday, the benchmark S&P/ASX200 index was down 71.20 points ( – 1.28%) at 5,512.40 points.

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