KSi Daily Report: Thursday, 11 August 2016

Thursday’s POMSOX trading session was unchanged amid light trading as both Kina Securities Stock Indices remained unchanged. The Kina Securities main index or KSi was steady 4,710.99 points and similarly the Kina Securities Home Index KSHi was unmoved at 10,041.27 points.

Bank South Pacific Ltd (BSP) was the only stock traded today at K8.50 flat. The stock recorded a light volume of 702 shares valued at K5,967.00.

U.S stocks closed slightly lower with the S&P 500 and Nasdaq retreating from record levels as the energy sector came under renewed pressure. The Dow Jones Industrial Average gained 47.00 points or 0.25% at 18,499.00 points. Japan’s Nikkei share average slipped on Wednesday as the yen strengthened against the dollar after downbeat U.S data as the Nikkei closed down 120 points or 0.72% to 16,650.00 points. The Australian share market was down on the back of lower oil and gold prices and mixed results from Telstra. The benchmark ASX/S&P 200 was down 42.2 points or 0.76% at 5,501.50 points.

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