KSi Daily Report: Tuesday, 18 August 2015

Tuesday’s POMSOX trading session was modest with Kina Securities Stock indices remained unchanged. The main index or KSi was flat at 3,480.40 points, similarly the Home Index KSHi stayed at 9,711.13 points.

Three stocks were traded with all ended the same from yesterday.

Financial and banking stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) closed at K7.40 and K2.50 respectively. Oil Search Ltd (OSH) closed unchanged at K15.00 despite a much lower ASX price at $6.40, down 15c at the close.

A total volume of 149,832 units valued at K491,514.00 registered.

Kina Securities Ltd (KSL) was untraded at K2.80, while in ASX, it closed at $1.22, down 3c.

U.S. stocks ended overnight trading higher, as investors appeared to focus on a strong reading from the housing sector. The Dow Jones Industrial Average added 67.78 points, or 0.39%, to 17,545.18 points. In Aisa, Japan’s Nikkei fell 65.79 points or 0.32% on Tuesday to 20,554.47 as investors worried about the slowdown in China’s economy. Likewise, the S&P/ASX 200 index retreated 54.90 points or 1.02% to 5,312.80 points. With the Australian ASX stocks saw some heavy selling in the big banks – with the impact of CBA shares trading ex-dividend.

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