KSi Daily Report: Tuesday, 06 December 2016

Tuesday’s POMSOX trading session edged lower as both stock indices declined. The Kina Securities main index KSi slumped 20.53 points or 0.43% to 4,772.53 points and likewise the Kina Securities Home Index KSHi was fell 9.85 points or 0.09% to 10,625.26 points.

Two stocks traded today fell, attributing to the negative movements compared to nil gains.

On the downside, Bank South Pacific Ltd (BSP) shed a toea to end lower at K8.99 followed by Oil Search Ltd (OSH) which declined 20toea to close at K17.10.

Today’s trading session recorded a light volume of 2,173 shares worth K23,951.77.

In overseas news, the Dow Jones Industrial Average finished at a record as solid economic data offset concerns on Europe’s stability. The DJIA closed at an all-time high of 19,216.24 points, up 45.85 points or 0.2%. Japan’s Nikkei rebounded as strong U.S economic data helped calm worries on instability in the EU. The Nikkei ended 0.5% higher to 18,360.54 points. The Australian stock market rebounded, tracking the overnight gains on Wall Street and European markets. The S&P/ASX 200 benchmark index rose 36.50 points or 0.68% to 5,435.60 points.

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