KSi Daily Report: Tuesday, 21 July 2015

Both Kina Securities stock indices closed unchanged for a third straight session amid an active trading session on POMSOX Tuesday. The main index or KSi remained at 3,458.69 points and likewise, the home index or KSHi was steady at 9,736.08 points.

All six stocks that traded today were flat by close.

Highlands Pacific Ltd (HIG) led the unchanged at 25 toea followed closely by Newcrest mining Ltd (NCM) and Oil Search Ltd (OSH) at K25.00 and K15.00 respectively. Meanwhile the financials Credit Corporation Ltd (CCP) closed stable at K2.50, Bank South Pacific Ltd (BSP) at K7.42 even and Kina Asset Management Ltd (KAM) at K1.00 flat.

Tuesday’s session recorded a combined volume of 31,953 units valued at K120,406.26.

In off-shore markets, Dow Jones Industrial Average eked out gains to barely close higher as a modest rally fizzled out by the end of the session. The DJIA added 13.96 points or 0.08% at 18,100.41 points by close. In Japan, The Nikkei share average climbed to near four-week highs on Tuesday, supported by growing expectations for strong first-quarter earnings while gains in Chinese shares also underpinned sentiment. The Nikkei ended 191.05 points or 0.93% higher at 20,841.97, the highest closing level since June 24. Likewise, The Australian, share market has closed at a seven-week high, after rising for a sixth straight session, with gains in the big banks and supermarket giants offsetting losses among miners. The S&P/ASX200 rose 19.80 points or 0.35% to 5,706.70, its highest close since June 1.

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