KSi Daily Report: Tuesday 30, June 2015

Tuesday’s POMSOX trading session was modest as both Kina Securities Indices gained grounds attributable to a financial home-listed stock that gained. The Kina Securities Main index KSi rose 0.31 points to 3,556.10 points while the Home Index or KSHi also advanced, up 9.86 points or 0.10% to 9,768.26 points.

Three stocks traded with one gain compared to none that fell.

A leading financial stock in terms of market capitalization Bank South Pacific Ltd (BSP) added a toea to close at K7.45.

Other stocks included Credit Corporation Ltd (CCP) and City Pharmacy Ltd (CPL) trading unchanged at K2.50 and K1.47 respectively.

Total shares registered were 189,490 shares valued at K1,151,750.21 today.

In New York, The Dow industrials industrial saw huge drop as investors dumped risky assets such as stocks as the crisis unraveled in Greece. The country’s Prime Minister Alexis Tsipras unexpectedly called for a referendum on whether to accept reform measures demanded by the country’s lender. The Dow plunged 350.33 points, or 2%, to 17,596.35, its biggest point drop in two years. In Asia, Japan’s stock trading remained cautious on Tuesday with the Nikkei share average ended 125.78 points or 0.63% higher at 20,235.7 points. The Australian share market closed higher, finishing the financial year on a positive note in defiance of the Greek debt crisis. The S&P/ASX200 index was 36.5 points, 0.67% higher at 5,459.00 points.

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