KSi Daily Report: Wednesday, 07 September 2016

Both Kina Securities stock indices were unchanged on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was steady at 4,805.67 points while the Kina Securities Home Index or KSHi was unmoved at 10,347.20 points.

The two stocks traded today were unchanged.

Bank South Pacific Ltd (BSP) and Newcrest Mining Ltd were the only stocks traded, evening out at K8.80 and K46.00 flat respectively today.

The day’s session registered a total of 7,314 shares worth K72,807.60.

U.S stocks finished higher on Tuesday, with Nasdaq Composite recording its highest-ever close after a discouraging report on U.S service – sector activity ending higher after ISM services report. The Dow Jones Industrial Average rose 46.16 points or 0.25% to 18,538.12 points. Japanese stocks fell after exporters and other cyclical shares took a hit on a strengthening yen as the Nikkei shed 69.54 points or 0.41% to 17,012.44 points. The Australian stock market recovered from a weak start and was modestly higher. The benchmark S&P/ASX 200 index added 15.80 points or 0.29% to 5,429.40 points.

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