KSi Daily Report: Thursday, 27 March 2014

Kina Securities main index the KSi recovered from yesterday’s loss by retrieving 1.53 points or 0.04% to close at 3,617.35 points. Meanwhile, the Home index, KSHi also gain, adding 26.62 points, or 0.74% to finish the day’s session at 7,971.44 points.

There was one stock that gained on POMSoX against none that fell.

The advances were mainly attributed to the strong performance of a key home bank stock. Bank South Pacific Limited (BSP) recouped 3toea to end at K7.78.

Other stocks traded but ended flat for the day included Credit Corp Limited (CCP) at K 2.70, City Pharmacy Limited (CPL) at K1.95, while Oil search Limited (OSH) maintained atK17.64.

Thursday’s trading session recorded a combined volume of 20,441 shares valued at K80,817.14.

In New York, U.S stocks plunged overnight with the Dow Jones Industrial Average falling 98.89 points or 0.60% ending at 16,268.99 points. Asian stocks pared losses on Ukraine worries. Japan’s Nikkei share average advanced 146 points, 1.01% closing the market at 14,623 points. Meanwhile, The Australian shares were weighed down by weaker commodity prices and a stronger Australian dollar. The benchmark S&P/ASX200 index dropped 26.7 points or 0.50% to 5,350.10 points.

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