KSi Daily Report: Thursday, 30 July 2015

The Kina Securities Ltd stocks indices closed in positive territory after a new bank-holding stock made debut today. The Main Index KSi added 19.85 points or 0.57% to 3,478.80 points while the Home Index or KSHi was flat at
9,744.44 points.

Only one stock gained with no other movements on POMSoX Thursday.

Kina Securities Ltd (KSL), the parent company of Kina group, also the owner of the Kina indices and this report, was the only stock that gained as the stock is admitted to the official lists of POMSoX and ASX today. Classified as dual listed banking and finance stock, KSL advanced 42 toea to K2.50 on POMSoX and likewise on ASX, it picked up 30 cents at the close at $1.30.

Other stocks traded however remained unchanged were led by Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.55 respectively, followed by Oil Search Ltd (OSH) at K15.00 despite higher mining sector in ASX.

Thursday’s session recorded a total of 63,491 units valued at K356,804.95.

U.S stocks closed higher Wednesday after the Federal Reserve offered no clear indication on the timing of the next rate hike citing continued ‘solid’ gains in the job market. The Dow Jones Industrial Average rose 121.12 points or 0.69% to 17,751.39 points. Likewise, the Nikkei snapped a 4 day losing streak after the Fed’s statement. The Japanese Index surged 219.92 points or 1.08% to 20,522.83 points. In Australia, shares closed broadly higher with a boost in big miners and a rise in commodity prices. The benchmark index S&P/ASX 200 added 45.95 points or 0.82% at 5,670.10 points today.

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