KSi Daily Report: Wednesday, 12 February 2014

Both Kina Securities indices ended unchanged on POMSoX for Wednesday’s trading session. The main index, the KSi was flat at 3,867.17 points. Kina Securities Home index, the KSHi, closed even at 8,109.14 points.

Only two stocks traded but remained unchanged at the close.

Credit Corporation Ltd (CCP) completed at K2.60 while the sole listed pharmaceutical stock, City Pharmacy Ltd (CPL) closed at K1.95 even. Both Home stocks recorded combined volume of 156,404 units worth K328,680.40.
U.S. stocks extended their four-day winning streak, closing with solid gains in overnight session. The Dow Jones Industrial Average closed up 192.98 points, or 1.2%, at 15,994.77 after briefly topping 16,000 in earlier session after as Federal Reserve pledged to keep interest rates low and to continue to taper the pace of bond purchases if the economy keeps improving. Asian stocks mostly bounced back Wednesday on Feb Chairman Yellen’s comments. Japan’s Nikkei Stock Average rose 59.42 points or 0.40%, as the market recovered amid weak Yen. Australian stocks finished higher for a fifth consecutive trading session as the resources sector led the gains and heavyweight the Commonwealth Bank posted healthy half-year profit. The S&P/ASX 200 was closed stronger at 5,310.10 points up by 55.60 points or 1.06%.

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