KSi Daily Report: Friday, 19 January 2018
The last trading day of the week ended quietly with only one stock traded leaving both Kina Securities stock indices unchanged. The Kina Securities main index KSi remained at 5,501.36 points while the Home index KSHi was also solid at 10,919.99 points for the third day this week.
The leading banking stock on the market, Bank South Pacific (BSP) closed the day unchanged at K9.55.
Friday’s trading session registered a monetary value of K79,169.50 with a total volume of 8,290.
In news abroad, the U.S stock market completed lower on Thursday, pressured by fears over the possibility of a partial government shutdown, as investors sorted over a fresh batch of quarterly earnings results. The government shutdown is centred around an impasse between Democrats and Republicans over funding decisions for one of the government’s key social impact programs. The Dow Jones Industrial Average DJIA moved from positive to negative territory by -0.37% or 97.48 points to 26,017.81. Today, the Asian markets jumped higher as investors brushed off possible U.S shutdown with the markets backed up by financial stocks. The Nikkei recorded gains at 44.69 points or 0.19% to 23,808.06. Meanwhile, the concerns around the effects of a possible US government shutdown has influenced the Australian share market, thus closing lower as the day’s trade ended. The benchmark S&P/ASX200 index came down 8.8 points or 0.15% at 6,005.8 points.