KSi Daily Report: Thursday, 24 September 2015

Kina Securities stock indices were mixed on Thursday after POMSOX closed as stocks headed in opposite direction. The Main Index or the KSi closed 50.87 points lower or 1.42% to end at 3,524.78 points. However, the Home stock index or the KSHi remained steady at 9,579.21 points.

The main stock index, the KSi fell due to the heavily-weighted mining stock that retreated. Newcrest Mining Ltd (NCM) shed K1 to close at K24.00.

Meanwhile financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) both evened out at K7.35 and K2.40 respectively. Oil Search Ltd (OSH) followed ending at K16.00 unchanged.

Thursday’s session recorded a volume of 15,220 shares worth of K63,721.85.

U.S stocks closed lower for a consecutive day shedding modest gains after a rebound in crude oil prices ended out. The Dow Jones Industrial Average fell 50.58 points or 0.31% to 16,279.89 points. . Japan’s Nikkei share average fell as Japanese markets reopened after a three-day national holiday to face news of weak Chinese and U.S factory performance. The Nikkei sliced 374.82 points or 2.07% to 17,695.39 points. The Australian share stock market rallied from its lowest mark in over two years to be more than one per cent higher in early trades and back above 5,000 points. S&P/ASX 200 rose 61.57 points or 1.23% to 5,059.70 points.

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