KSi Daily Report: Thursday, 19 May 2016

For the second consecutive session the Kina Securities stock indices closed unchanged as there was no trades registered on POMSOX today. The Kina Securities main index was maintained at 4,306.72 points and likewise the Kina Securities main index was steady at 9,052.98 points.

U.S stocks finished little changed Wednesday after the Fed showed policy makers are keeping their open to hiking interest rates in June. The Dow Jones Industrial Average declined 3.36 points or 0.02% to 17,526.62 points. Japan’s Nikkei share average ended little changed on Thursday, moving in and out of positive territory as general caution offset some gains from Feds minutes that boosted the dollar as weakened the yen. The Nikkei added 1.97points or 0.01% to 16,646.66 points. The Australian share market closed lower as mining and energy stocks lost ground after the release of flat jobs figures and the increased prospect of a US rate hike. The benchmark index S&P/ASX 200 fell 32.90 points or 0.61% to 5,323.30 points.

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