KSi Daily Report: Wednesday, 11 May 2016

Today the Kina Securities index, the KSi, closed in the red zone, giving away 1.89 points or 0.04% to 4,307.26 points. Meanwhile the home stocks index, KSHi, which measures the performance of all home stocks, retreated 59.96 points, or 0.66% to end low at 9,052.98 points.

Only one stock lost compared to no other stock movements for today.

Credit Cooperation Ltd (CCP) caused the negative impact on the indices, finishing K1.60 after declining 9 toea.

Meanwhile, Oil Search Ltd (OSH) maintained a strong hold at K17.00 unchanged.

Wednesday’s session recorded a combined volume of 31,789 shares valued at K63,013.00

U.S. stocks stormed higher in overnight trading, lifting the Dow industrials to its best one-day gains in about two months as crude-oil futures rebounded. The Dow Jones Industrial Average gained 222.44 points, or 1.26%, to close at 17,928.35 points logging its best daily gain since March 1, according to FactSet data. Japan’s Nikkei share average rose 13.82 points or 0.08% at 16,579.01 points in volatile trade on Wednesday as the weak yen helped overall sentiment. The Australian share market is higher, with energy and resource stocks dominating today’s trading. The benchmark S&P/ASX200 index was up 35.70 points or 0.67% after an overnight jump in oil prices helping the market.

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