KSi Daily Report: Wednesday, 03 June 2015

POMSoX was quiet for Wednesday’s session but ended with both Kina Securities indices registering losses at the close. The main index, the KSi dipped a mere 0.17 points to 3,555.04 points. Likewise, the Kina Securities Home index, the KSHi lost 5.52 points (-0.06%) at 9,753.69 points.

There was a single lose registered on POMSoX today, against no gain.

The downfall came from City Pharmacy Ltd (CPL), the sole listed pharmaceutical stock gave up 2 toea to close at K1.48.

Meanwhile, Bank South Pacific (BSP) ended at K7.40 unchanged.

The day’s trading recorded a total of 13,357 units valued at K73,853.48.

In off-shore news, U.S. stocks ended the overnight session slightly lower, as investors remained cautious ahead of the important jobs report on Friday and a looming deadline for Greece and its lenders to find a solution to the debt crisis. The Dow Jones Industrial Average lost 28.43 points, (-0.2%) to 18,011.94 points. Likewise, Japanese shares slipped on Wednesday as investors booked profits from the market’s longest rally in more than three decades, with interest rate sensitive stocks sold the most after bond yields rose globally. The Nikkei share average fell 69.68 points (-0.34%) to 20,473.51 points. The market had rallied for 12 straight sessions until Monday, its longest winning streak since 1988. The Australian share market has followed the downward trend after trading lower as investors continue to deal with the Reserve Bank of Australia’s position on interest rates. Wednesday’s trading saw the benchmark S&P/ASX200 index was down 5.52 points ( -0.89%) at 5,585.8 points.

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