KSi Daily Report: Thursday, 23 June 2016

Both Kina Securities stock indices were in the negative territory after POMSoX session closed amid active trading today. The Kina Securities main index or the KSi relinquished yesterday’s gains by 123.80 points (-2.65%) to 4,551.00 points, and the Home index or KSHi fell a further 9.29 points or 0.10% to close at 9,563.28 points.

Three stocks fell with no gains as five stocks were traded today.

Stocks that traded lower today were led by the mining giant, Newcrest Mining Ltd (NCM) at K43.00 down by K2.00 followed by home listed stocks City Pharmacy Ltd (CPL) and Credit Corporation Ltd (CCP) at both losing a toea each at K1.18 and K1.67 respectively.

Meanwhile, Bank South Pacific Ltd (BSP) maintained a strong hold at K8.00 flat and Oil Search Ltd (OSH) at K17.00 unmoved.

Thursday’s POMSOX session recorded a total volume of 42,130 shares valued at K137,431.40.

U.S. stocks finished slightly lower on Wednesday, as polls showed the outcome of a U.K. referendum on whether to leave the European Union remained too close to call a day ahead of the vote. The Dow Jones Industrial Average fell 48.90 points, or 0.3%, to end at 17,780.83. Japanese stocks edged up in choppy trade on Thursday as investors held their breath before Britain votes to decide whether to remain part of the European Union. The Nikkei share average rose 172.63 points or 1.08% to 16,238.35 points. The share market remains steady as gains by resource and energy companies are offset by weakness in other sectors. At close of market Thursday, the benchmark S&P/ASX 200 index was up 9.80 points, or 0.019% at 5,280.70 points.

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