KSi Daily Report: Tuesday, 30 August 2016

Tuesday’s POMSOX trading session saw both Kina Securities Stock indices headed in opposite directions amid an active session. The Kina Securities Main index KSi was down 0.34 points or 0.01% at 4,799.75 points. The Kina Securities Home Index or KSHi gained 6.95 points or 0.07% at 10,209.30 points.

One stock gained compared to another that fell.

Winning stock for the day was Bank South Pacific Ltd (BSP), up a toea to end at K8.66.

On the downside, agricultural stock Agmark NGIP Ltd (NGP) slipped 3toea to close at 70toea.

Other stocks traded were Credit Corporation Ltd (CCP) and Kina Securities Ltd (KSL), both evenly traded at K1.68 and K2.60 flat respectively.

The day’s session recorded a combined volume of 84,051 shares valued at K207,123.72.

U.S stocks closed higher in overnight trading, led by higher by financial stocks as investors warmed up to the possibility of a Fed rate hike this year. The Dow Jones Industrial Average rose 3.00 points or 0.02% to 18,492.00 points. Japan’s Nikkei share average treaded water with momentum from the previous day’s rally stalling as the yen’s extensive retreat halted for the time being. The benchmark Nikkei was unchanged 16,740.42 points after dipping to 16,677.85 earlier. The Australian stock market is advancing on Tuesday following the positive lead overnight from Wall Street on strong economic data. The benchmark S&P/ASX 200 added 25.90 points or 0.47% to 5,495.10 points.

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