KSi Daily Report: Wednesday, 30 September 2015

Kina Securities indices closed on a mixed note after POMSoX ended for the last day of September amid yet another active session . The KSi added 70.15 points or 2.06% to 3,478.80 points but the Home Index or KSHi fell 25.82 points or 0.26% to 9,729.59 points.

Two stocks recorded gains verses a loss for Wednesday’s session.

Newcrest Mining Ltd (NCM), closed up by K1.00 to K25.00, reflecting the strength of overseas performance in ASX. Another dual listed stock, Kina Securities Ltd (KSL) recovered 30toea to close at K2.6. In ASX, the stock was down 4c at $1.11

On the down side, City Pharmacy Ltd (CPL) declined 8 toea at K1.40.

Stocks traded however remained unchanged were the financial stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) that ended K7.50 and K2.40 respectively. Kina Asset Management Ltd (KAM) also closed flat at 97toea.

Today’s trading recorded a total of 115,654 shares valued at K377,863.08.

U.S stocks finished mostly higher after a choppy day of trading reversing its five-day losing streak. The Dow Jones Industrial Average closed up 47.24 points or 0.30% to 16,049.13. Japan’s Nikkei share average, bouncing 457.31 points or 2.70% to 17,388.15 points rebounded on Wednesday after tumbling in the previous day on fears of slowing global growth. The Nikkei was high. The S&P/ASX 200 rose 103.17 points or 2.10% to 5,021.60 points as Australian shares surged after mining giant Glencore rejected fears that it can’t withstand falling commodity prices.

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