KSi Daily Report: Tuesday, 30th September 2014

The Kina Securities main stock index KSi closed marginally higher today with one mining stock gaining ground. The index ended at 3,754.48, up 6.15 points. Meanwhile the Home Index KSHi remained steady at 8,183.16 points.

The gain was attributed to a mining stock Oil Search Ltd (OSH) ending at K19.22, up 7 toea.

Two financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.20 and K2.70 respectively. BSP says it will pay the 20 Toea-interim dividend for 2014 on Friday, 24th of October.

A total of 63,322 units were traded worth K277,351.26 for today’s session.

U.S stocks retreated in overnight trading as investor confidence was hit amid Hong Kong’s street protests and brief spike in the dollar. The Dow Jones Industrial Average slipped 41.93 points or 0.25% at 17,071.22 points. The Nikkei fell following weak economic data and profit warning from Sumitomo Corp. Japan’s Nikkei share average declined 161 points or 0.99% at 16,150 points. The S&P/ASX200 index added 16.68 points or 0.32% to end at 5,280.90 points today as Australian shares closed almost level as the U.S dollar eased back from its four-year highs against the yen.

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