KSi Daily Report: Tuesday, 28 April 2015

Both Kina Securities stock indices ended in green after POMSoX closed on Tuesday, aided by a home stock that gained. The main index, the KSi, edged 0.09 points to 3,869.73 points. Likewise, the home index or the KSHi closed 2.63 points (0.03%) higher to finish at 9,750.66 points.

Only one stock gained with none that lost for the session.

City Pharmacy Ltd (CPL) collected a toea to end at K1.46 in thin trade.

Oil Search Ltd (OSH) traded at K16.50 flat while Bank south Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) also traded but stayed unchanged, closing steady at K7.40 and K2.55 respectively.

Tuesday’s trading recorded a combined volume of 7,955 shares valued at K48,384.63.

In markets abroad, U.S. stocks closed slightly lower in overnight trading as investors consolidated last week’s solid gains and turned slightly cautious ahead of the Federal Reserve policy meeting, which begins on Tuesday. The Dow Jones Industrial Average closed down 42.17 points, or 0.2%, to 18,037.97 points. In Asia, Japan’s Nikkei 225 gained 50.52 points or 0.25% to 20,033.84 points on hopes of better shareholder returns after Fanuc Corp doubled its dividend payout ratio at its earnings release. Meanwhile, the Australian S&P/ASX 200 lost 29.30 points or 0.49% at 5,953.40 points following losses on US share market overnight, and ahead of next week’s Reserve Bank of Australia decision on whether to cut interest rates.

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