KSi Daily Report: Tuesday, 06 September 2016

One stock index rose attributed by a home-listed stock while the other maintained amid an active trading session. The Kina Securities main index KSi added 1.01 points or 0.02% to 4,805.67 points. Meanwhile, Kina Securities Home index or KSHi was steady at 10,347.20 points.

Dual-listed energy stock Oil Search Ltd (OSH) gained a toea to end high at K17.51.

Other stocks traded unchanged included financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K8.80 and K1.68 flat respectively. Followed closely by Newcrest Mining Ltd (NCM) and City Pharmacy Ltd (CPL) evening out at K46.00 and K1.15 respectively.

Tuesday’s transaction recorded a total of 16,055 shares valued at K80,282.66.

In off-shore markets, U.S share markets were closed for the Labor Day Holiday. Japanese stocks extended gains as financials rebounded from the previous session but trade was expected to be subdued as investors waited for U.S markets to reopen after a holiday. The Nikkei gained 44.35 points or 0.26% to 17,081.98 points. The Australian stock market opened lower, in absence of any cues overnight from Wall Street which closed to mark Labor Day holiday also ahead of RBA’s interest rate decision. The benchmark index S&P/ASX 200 declined 22.90 points or 0.42% to 5,406.70 points.

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