KSi Daily Report: Thursday, 05 January 2017

For a third straight day, both stock indices remained flat on Thursday’s POMSOX trading session. The Kina Securities Main index KSi was maintained at 4,815.25 points and similarly the Kina Securities Home Index KSHi was flat at 10,628.45 points.

Bank South Pacific Ltd (BSP) was unmoved at K9.00 followed by dual energy stock Oil Search Ltd (OSH), which evened out at K17.50.

The day’s session transacted a thin volume of 1,489 shares worth K77,192.00.

U.S stocks closed shy of record levels following the release of the Fed’s policy minutes from its December meeting and a strong showing in auto sales. The Dow Jones Industrial Average closed up 60.40 points or 0.3% at 19,942.16 points. Japan’s Nikkei share average edged down as a stronger yen hurt exporters with the downside limiting strong U.S shares. The Nikkei eased 0.1% to 19,568.93 points. The Australian share market advanced following positive lead from Wall Street and U.S dollar retreated from 14-year highs overnight. The S&P/ASX 200 benchmark index rose 14.20 points or 0.25% to 5,750.60 points.

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