KSi Daily Report : Wednesday, 10 September 2014

Both Kina Securities stock indices extended losses after POMSoX closed trading on Wednesday. The main index KSi declined 6.48 points or 0.17% at 3,741.51 points, while the home index KSHi was down by 7.05 points (-0.09%) to 8,065.08 points.

One stock lost with no gainer for the session.

City Pharmacy Ltd (CPL) the sole listed Pharmaceutical stock moved 5 toea lower to K1.50 on thin trading.

The financial stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP), flat at K7.20 and K2.60 respectively, were among those stocks traded unchanged. The other two stocks, New Britain Palm Oil Ltd (NBO) the heavy weighted agricultural stock ended even at K17.00 and Oil Search Ltd (OSH) at K19.15.

Wednesday’s trading registered a total trading volume of 9,156 units valued at K33,220.65.

In US markets, the Dow Jones Industrial Average dropped 97.55 points, or 0.57%, to 17,013.87 points led by losses from the telecom and utilities sectors. Meanwhile in Asia, Japan’s Nikkei share average edged up on Wednesday afternoon, erasing earlier losses after the dollar hit another six-year high against the yen, which lifted exporters. The Nikkei added 39.63 points or 0.25% to 15,788.78 points in afternoon trade. However, the Australian share market was down as the big miners face more falls in iron ore prices with the benchmark S&P/ASX200 index slipping 33.60 points or 0.60% to 5,574.30 points.

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