KSi Daily Report: Wednesday, 19 August 2015

Both Kina Securities indices ended lower amid active trading on Wednesday after POMSOX trading ended. The main index KSi fell 2.40 points to 3,478.00 points. The Home index KSHi shed 41.60 points or 0.43% at 9,669.53 points.

Two stock lost while none that traded gained for the session.

Credit corporation Ltd (CCP) closed lower at K2.45, down by 5toea. Another financial stock Kina Securities Ltd (KSL) dipped 10 toea to K2.70 (ASX: $1.25, up 0.03).

Stocks that traded even included Oil Search Ltd (OSH) and Bank South Pacific Ltd (BSP) at K15.00 and K7.40 respectively.

Total shares transacted was 61,731 units valued at K229,627.55.
U.S. stocks closed lower after a choppy session Tuesday as investors digested mixed bag of quarterly results. The Dow Jones Industrial Average fell 33.84 points, or 0.2%, to close at 17,498.28. The Nikkei Average suffered, off 331.84 points or 1.61% to 20,222.63 points, as slide in Chinese shares raised concerns about the stability of the Chinese economy. Meanwhile the Australian shares closed markedly higher, with the big banks leading upwards. By close of market today, the benchmark S&P/ASX200 index was 75.40 points, or 1.42% higher at 5,378.50 points.

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