KSi Daily Report: Thursday, 04 May 2017

Both stock indices edged higher today amid an active trading session. The Kina Securities main index KSi was up 0.66 points or 0.01% at 5,095.85 points and likewise the Kina Securities Home index KSHi gained 19.71 points to close at a high of 11,076.55 points.
Bank South Pacific (BSP) was the winning stock for the day, closing up 2toea to end at K9.51 at the close.
Other stocks unmoved were Credit Corporation Ltd (CCP) and BSP Unsecured Notes (BSPHA) at K1.80 and K26,000.00 flat respectively.
Junior cap explorer Highlands Pacific Ltd (HIG) evened out at 18toea.
Thursday’s session recorded a total volume of 56,856 shares valued at substantial amount of K6,714,989.71
U.S stocks were modestly lower after the Feds left the monetary policy unchanged, and indicated remaining on track to deliver two more rate increases by year-end. The Dow Jones Industrial Average was up 8.01 points or 0.4% at 20,957.90 points. The Japanese stock market was closed today in commemoration of the country’s declared Greenery Day. The Australian stock market was lower for a third straight day following mixed cues overnight from Wall Street and lower base metal prices weighing on mining stocks. S&P/ASX 200 benchmark index was down 25.70 points or 0.44% to 5,866.60 points.