KSi Daily Report: Friday, 20 January 2017
POMSOX trading session saw one stock index declining while another rose. The Kina Securities main index KSi was down 50.90 points or 1.06% to 4,764.35 points. Meanwhile, the Kina Securities Home Index KSHi was steady at 10,628.45 points.
Credit Corporation Ltd (CCP) gained a toea to close high at K1.88.
Dual-listed mining giant Newcrest Mining Ltd (NCM) closed on the red, declining by K1 to end lower at K45.00.
Bank South Pacific Ltd (BSP) was the only other stock trading unchanged, evening out at K9.00.
Friday’s session transacted a total of 24,657 shares worth K77,537.55.
U.S stocks finished lower with the Dow Industrials falling a fifth straight session in caution ahead of Trump’s inauguration. The DJIA declined 72.32 points, 0.4% to finish at 19,732.40 points. Japan’s Nikkei share average wobbled in a small range on track for a weekly loss, as investors braced for a change of power as the Nikkei added 84.18 points or 0.44% to 19,156.43 points. The Australian stock market declined tracking the weak cues overnight from Wall Street and on caution ahead of the release of raft Chinese economic data. The S&P/SX 200 lost 35.90 points or 0.63% to 5,656.30 points.