KSi Daily Report: Thursday, 07 August 2014

POMSoX session today witnessed slight gains for both Kina Securities Indices despite most global stock markets aboard weakened amid Ukraine tensions.. The main index, the KSi , gained 2.49 points (0.07%) to 3,779.00 points, while the Home index KSHi added 43,20 points (+0.50%) to 8,640.50 points, supported by two home-listed stocks.

There were two gains registered on POMSoX compared to none that lost for the day.

City Pharmacy Ltd (CPL) recovered 5 toea to K1.70, followed by Credit Corporation Ltd (CCP) closing at K2.70, up 10 toea aided by the share buyback program.

Stocks unchanged for the day included Bank South Pacific Ltd (BSP) which closed steady at K7.20, Oil Search Ltd (OSH) was flat at K 19.20 and New Britain Palm Oil Ltd (NBO) was also stable at K17.00. Marengo Mining Ltd (MMC) recorded a few trades at 8 toea even and NGIP Agmark (NGP) transacted at 79 toea flat.

Today’s session recorded a combined volume of 165,830 shares with a total value of K40,553.35.

U.S. stocks ended its overnight session marginally higher, as investors remained cautious in the wake of heightened geopolitical risks and downbeat European economic news. The Dow Jones Industrial Average gained 13.87 points, or 0.1%, to 16,443.34 points. In Asia, The Nikkei share average rose into positive territory while the yen dipped against the dollar on Thursday, after sources told Reuters that Japan’s Government Pension Investment Fund plans to allocate a larger portion of its assets to domestic stocks. The Nikkei rose 72.58 points or 0.48% at 15,232.37 points. The Australian market recovered after a deep dive after mid-day as worse than expected unemployment figures of 6.4% in July was reported. By close of market today the benchmark S&P/ASX200 index was down 3 points, or 0.05% at 5,509.00 points.

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