KSi Daily Report: Thursday, 6 February 2014

Trading was quiet on POMSoX today but the Kina Securities main index retreated. At the close of market, the KSi had dropped a mere 0.75 points at 3,871.94 points while the Kina Securities Home index or the KSHi was unmoved at 8,205.06 points.

Only one stock headed south with no gain today.

Marengo Mining Ltd (MMC) fell by a toea at 14 toea giving up the toea gained yesterday.

Oil Search Ltd (OSH) maintained at K17.53 flat and City Pharmacy Ltd (CPL) traded at K1.95 even.

Thursday’s trading session registered a very light volume of 8,502 units at K14,610.32.
In U.S., the Dow Jones Industrial Average ended the overnight’s choppy session lower by 5.01 points or 0.03% at 15,440.23 points as investors were unable to shrug off worries over the economy. Likewise, Japan stocks fell on Thursday in a choppy session, stayed cautious before the U.S. nonfarm payrolls report due on Friday with strong earnings prospects from Mazda Motor. The Nikkei index ended down 25.26 point or 0.18% to 14,155.12. However, In Australia, the ASX bounced back after three straight days of losses, rising by more than one per cent as investors were encouraged by a rising Australian dollar, which stood above 89 cents to the dollar. At the close, the benchmark S&P/ASX200 index was 61.1 points, or 1.21 per cent, higher at 5,131.40 points.

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