KSi Daily Report: Wednesday, 10 August 2016

Wednesday’s POMSOX trading session closed on a quiet note as both Kina Stock indices closed positively attributed by a home-listed financial stock. The Kina Securities main index KSi was up 1.55 points or 0.03% to 4,710.99 points. The Kina Securities Home Index or KSHi was rose 49.26 points or 0.49% at 10,041.27 points.

Leading banking and financial stock Bank South Pacific Ltd (BSP) was the only stock traded today closing 5toea higher to close at K8.50. The stock transacted a light volume of 724 valued at K6,154.00.

U.S stocks finished modestly flat in overnight trading, with the Nasdaq narrowly logging its second record closing high of 2016 even as weak productivity data curbed stock-market gains. Dow Jones Industrial Average closed 12.00 points lower or 0.06% to 18,454.00 points. The Australian share market was down with modest losses as investors digested mixed corporate earnings results with weak mining and oil stocks. The Benchmark S&P/ASX 200 index declined 11.10 points or 0.20% to 5,541.40 points. Japan’s Nikkei share average slipped as the yen strengthened against the dollar after downbeat U.S data. The Nikkei was down 29.85 points or 0.18% to 16,735.12 points.

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