KSi Daily Report: Thursday, 06 August 2015

Kina Securities stock indices were weaker on Thursday with a few stocks traded on POMSOX. The main index, KSi, shed 20.21 points (-0.58%) to 3,460.95 points. However, the Kina Securities Home index or the KSHi remained steady at 9,711.13 points.

Five stocks were traded with one of them retreated against none that gained..

The stock that was sold down was a dual-listed Oil stock Oil Search Ltd (OSH) at K14.80, as it fell by 20toea, affected by weaker close on the stock on the ASX at $6.97, down 6c.

Other stocks traded but unchanged included Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.50 flat respectively. A Junior cap mine explorer Marengo Mining Ltd (MMC) traded at 2toea.

The day’s trading recorded a total volume of 170,495 shares valued at K268,362.60.

In New York, U.S stocks was mostly higher despite weak performance by Disney and energy shares as investors digested conflicting U.S economic data. The Dow Jones Industrial Average declined 10.22 points or 0.06% to 17,540.47 points. Similarly, Japanese shares rose as the yen sank to a two month low against the dollar as the Nikkei Index gained 98.28 points or 0.48% to 20,712.34 points. Australian shares were lower after ANZ’s trading halt and major losses by other banks. The benchmark index S&P/ASX 200 fell 78.17 points or 1.38% to 5,595.80 points.

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