KSi Daily Report: Thursday, 13 April 2017
Both stock indices were maintained amid a quiet trading session on Thursday leading up to the Easter holidays. The Kina Securities main index KSi was steady at 4,979.79 points and similarly the Kina Securities Home Index KSHi was unchanged at 11,050.75 points.
Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both evened out at K9.45 and K1.85 flat respectively.
The day’s trading session recorded a total of 5,510 units valued K14,069.50.
U.S markets finished lower as investors continued to remain cautious amid persistent geopolitical risks as the Dow Jones Industrial Average declined 59.44 points or 0.29% at 20,591.86 points. Japanese stocks posted fresh four-month lows as the yen spiked against the dollar with the Nikkei share average slipping 119.87 points or 0.65% to 18,432.74 points. The Australian stock market declined following negative cues from Wall Street and weaker commodity prices as investors were also cautious ahead of the release of Australian jobs data. The S&P/ASX 200 shed 47.90 points or 0.81% to 5,886.10 points.