KSi Daily Report: Friday, 27 October 2017

The week ended on thin trading as both stock indices were maintained on Friday’s POMSOX trading session. The Kina Securities main index KSi was unchanged at 5,277.31 points and similarly the Kina Securities Home Index KSHi was steady at 11,037.68 points.
Bank South Pacific Ltd (BSP) was the only stock traded for the day, unchanged at K9.50. The stock transacted 836 shares valued K7, 942.00.
In overseas markets, U.S stocks ended mostly higher better-than-expected corporate results helped to reinvigorate Wall Street buying appetite a day after the Dow posted their biggest drops in more than seven weeks. The Dow Jones Industrial Average rose 71.40 points or 0.3% to 23,400.86. Japan’s Nikkei share average rose to a 21-year high led by banking shares U.S yields remained high. The Nikkei surged 265.82 points or 1.22% to finish at 22,005.60 points. In Australian markets, shares ended Friday’s session in the red, after the government lost its one seat majority with the move tipping the bourse into a loss for the week. The benchmark index S&P/ASX 200 index lost 13 points or 0.2% to end the day at 5,903.00 points.