KSi Daily Report: Friday, 28 July 2017
Both indices closed unchanged amid thin trading on Friday’s POMSOX trading session to end the trading week. The Kina Securities main index KSi was maintained at 5,043.44 points and similarly the Kina Securities Home Index KSHi was steady at 11,156.28 points.
Bank South Pacific Ltd (BSP) was the only stock traded to close flat at K9.60.
Meanwhile, BSP Unsecured Notes (BSPHA) slipped by K200.00 to end lower at K25,300 at the close.
A thin volume of 1,587 units were transacted at a value of K40,535.20.
U.S shares closed mixed with the Dow finishing at a record following earnings-fueled gains while the broader market finished in the red due to a slump in tech stocks. The Dow Jones Industrial Average ended 43.00 points lower or 0.20% at 21,700.00 points. Japanese stocks fell after tech shares dropped sharply following weakness on the Nasdaq market, while investors stayed cautious as the dollar slipped against the yen. The Nikkei slumped 127.42 points or 0.63% to 19,952.22 points. The Australian stock market declined following mixed lead overnight with banks and healthcare stocks among the major decliners. The S&P/ASX 200 benchmark index shed 63.60 points or 1.10% to finish at 5,721.40 points.