KSi Daily Report: Tuesday, 01 September 2015

The first trading day of September, Tuesday’s POMSOX trading session ended on the red as both Kina Securities stock indices closed lower. The Kina Securities main index KSi shed 0.91 points or 0.03% to 3,455.14 points while the Kina Securities Home index or KSHi was down by 28.86 points or 0.30% to 9,619.92 points.

One out of three stocks that traded today lost.

Retail and pharmaceutical stock City Pharmacy Ltd (CPL) ended 11toea lower finishing at K1.35.

Stocks traded however remained unchanged were financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.40 flat respectively.

Today’s trades registered a combined volume of 75,064 shares valued at K186,813.70.

The Dow Jones Industrial Average ended August with steepest monthly loss in more than five years, as trading on Wall Street was volatile. The DJIA was 114.96 points lower or 0.69% to 16,528.03 points. Similarly, Japanese stocks extended losses after surveys showed China’s factory sector shrank for the sixth straight month in August while investors remained on edge ahead of key U.S data throughout the week. Nikkei share average sliced 724.79 points or 3.84% to 18,165.69 points. Australian share market has opened lower, weighed down by financial sector as uncertainty on global markets continues. S&P/ASX 200 benchmark index fell 66.28 points or 1.27%

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