KSi Daily Report: Tuesday, 01 December 2015

POMSOX stocks began the first trading day of December in light mode. The Kina Securities main index, the KSi, edged slightly lower by 1.09 points or 0.03% to 3,564.14 points, while the Home Index or KSHi remained flat at 9,647.90 points.

Only one stock fell during the day against none of the other stocks that rose.

Kina Securities Ltd (KSL), giving off 10 toea to K2.60 in thin volume, while the dual listed financial stock also gave up 3 cents on the ASX to close at $1.07.

Bank South Pacific Ltd (BSP) traded at K7.50, and Credit Corporation Ltd (CCP) closed unchanged at K2.30.

Tuesday’s trade registered a total volume of 19,497 units at value of K51,298.30.

U.S stocks closed slightly lower ending November but the main indexes held on to small monthly gains as investors expected weaker economic data coming days. The Dow Jones Industrial Average climbed 100.00 points or 0.56% to 17,814.00 points. The Nikkei share average surged 187.70 points or 0.95% to 19,935.17 points on Monday as Japanese stocks rose on weak yen, shrugging off soft Chinese factory surveys. The Australian stocks advanced despite negative cues from Wall Street ahead of the Reserve Bank of Australia’s monetary policy decision on rates. At the close, the S&P/ASX 200 gained 99.58 points or 1.93% to 5,266.10 points.

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