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KSi Daily Report: Thursday, 09 February 2017

Thursday’s POMSOX trading saw both stock indices closing up amid thin trading. The Kina Securities main index KSi was up by a mere 1.48 points or 0.03% to 4,818.21 points and similarly the Kina Securities Home Index KSHi rose 9.85 points or 0.09% to 10,684.94 points.

Bank South Pacific Ltd (BSP) edged up by a toea to close high at K9.01, contributing to the positive movement of the indices.

Credit Corporation Ltd (CCP) was the only other stock traded flat at K1.95 at the close.

Today’s session recorded 1,217 shares worth K4,279.35.

U.S stocks closed lower as financial stocks continued their slide on the week as the Dow Jones Industrial Average fell 35.95 points or 0.2% to finish at 20,054.34 points. The Australian stock market slipped into negative territory after opening higher following lackluster cues from Wall Street. The benchmark S&P/ASX 200 lost 10.80 points or 0.19% 5,640.60 points. Japan’s Nikkei share average fell due to pressure from a stronger yen ahead of the U.S – Japan summit. The Nikkei ended 99.93 points lower or 0.53% to close at 18,907.67 points.

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