KSi Daily Report: Monday, 23 January 2017
The week kicked off on thin but a moderate session on Monday’s POMSOX trading session as both stock indices were unchanged. The Kina Securities main index KSi was steady at 4,764.35 points and similarly the Kina Securities Home Index KSHi was unmoved at 10,628.45 points.
Home-listed financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both unchanged at K9.00 and K1.88 flat respectively.
Today’s session transacted a total of 74,094 shares valued at K141,014.52.
U.S stocks finished higher in overnight trading, starting the Trump presidency in the green as uncertainty about the new administration lingered. The Dow Jones Industrial Average closed up 94.85 points or 0.48% to close end 19,827 points higher. Japanese stocks dropped more than 1 percent as shares of exporters fell on stronger yen as the Nikkei share average declined 182.55 points or 0.95% to 18,955.36 points. The Australian stock market slipped into negative territory after rising in early trades amid investor optimism after Trump’s inauguration as president. The S&P/ASX 200 benchmark index lost 17.40 points or 0.31% to 5,637.40 points.