KSi Daily Report: Monday, 30 January 2017

The day’s POMSOX trading session edged lower as both stock indices declined. The Kina Securities main index KSi was down by a mere 0.42 points or 0.01% to close at 4.,816.81 points and likewise the Kina Securities Home Index KSHi slipped 13.33 points or 0.12% to end at 10,677.70 points.
Credit Corporation Ltd (CCP) slipped by 2toea, closing lower at K1.88.
Bank South Pacific Ltd (BSP) was the only other stock traded unchanged at K9.05 today.
Monday’s trades recorded a light volume of 6,201 shares valued at K17,716.53.
U.S stocks ended mostly lower in overnight trading despite the Dow hitting the 20,000 mark in intraday trade after some disappointing data. The Dow Jones Industrial Average fell 39 points or 0.19% to close at 19,973.00 points. Japanese stocks fell as stronger yen weakened earnings outlooks for Japanese exporters, and as financial companies tumbled after data showed the U.S economy grew at a slower-than-expected pace in the fourth quarter. The Nikkei share average slipped 98.55 points or 0.51% to 19,368.85 points. The Australian stock market declined on Monday with stocks falling across the board, tracking the lackluster cues from Wall Street. The benchmark index S&P/ASX 200 lost 57.40 points or 1.00% to end at 5,656.20 points.