KSi Daily Report: Wednesday, 19th October 2016

Thursday’s POMSOX session saw both stock indices headed in opposite directions. The Kina Securities Main index KSi was down 101.19 points or 2.12% to 4,673.03 points while the Kina Securities Home Index was advanced 19.70 points or 0.19% to 10,648.95 points.

One stock gained compared to another that lost.

Winning stock for the day was Bank South Pacific Ltd (BSP) at K8.97, closing up by 2toea.

On the downside, mining giant Newcrest Mining Ltd (NCM) was down by K2.00 to end lower at K44.00 at the close.

Today’s trading session was recorded a light volume of 8,506 shares valued at K83,304.82.

U.S stocks closed higher as investors welcomed stronger-than-expected quarterly results from a roster of companies as the Dow Jones Industrial Average rose 75.54 points or 0.6% to close at 18,161.94 points. Japanese shares rose for a fourth day taking cues from a bounce in Wall Street shares as the Nikkei share average climbed 35.30 points or 0.21% at 16,998.91 points. The Australian market closed higher following positive leads from overseas equity markets overnight with local stocks trading firmly above the flat line. The S&P/ASX 200 rose 24.60 points or 0.45% at 5,435.40 points.

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