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KSi Daily Report: Tuesday, 03 March 2015

POMSOX was quiet on Tuesday’s trading session with only one stock traded . The main index KSi was unchanged at 3,649.28 points flat while the Home index KSHi closed stable at 9,772.09 points.

Leading financial stock in terms of market capitalization, Bank South Pacific Ltd (BSP) traded for the entire session. At K7.40, the stock registered a total volume of 1,605 shares valued at K11,877.00.

U.S stocks struck a positive note for the start of March, with rally on Monday lifting the NASDAQ Composite closed over the 5,000 level for the first time since 2000. Dow Jones Industrial Average ended 155.93 points higher or 0.86% to 18,288.63 points, another record day on Wall Street. Japan’s Nikkei erased early gains and slipped 29.88 points or 0.16% to 18,797.00 points. Australian central bank kept its benchmark interest rate unchanged, with an open option of further interest rate cuts with China’s recent weakening. The benchmark S&P/ASX 200 fell 24.98 points or 0.42% to 5,933.90 points.

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