KSi Daily Report: Tuesday, 7 April 2015

Kina Securities Stock indices were flat after long Easter weekend with some stocks were traded on POMSoX Tuesday. The main index, the KSi, remained at 3,555.00 points while the Home Index or the KSHi stayed even at 9,772.09points.

All three stock traded today were unchanged.

Kina Asset Management Ltd (KAM) stayed at K1.00, and two financial stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were flat at K7.40 and K2.60 respectively.

Tuesday’s session registered a total of 2,724 shares at K9,730.40.
On Monday, U.S. stocks erased early losses to finish with solid gains in overnight trading as the Dow industrials rose 117.61 points or 0.7% to close 17,880.85 points. The stock market advanced on bets that the Federal Reserve will move more slowly in raising interest rates given Friday’s disappointing jobs report. Likewise, Japan’s Nikkei share average added 242.56 or 1.25 points to 19,640.54 points, a near two-week high today on positive lead from U.S. shares. Meanwhile, the Australian benchmark S&P/ASX 200 index closed 27.40 points or 0.046% higher at 5,926.00 points with energy sector up 1.2% after oil prices jumped during weekend. The RBA keeps the interest rate steady leaving the cash rate at a record low 2.25 percent after a Sydney meeting despite falling commodity prices.

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