KSi Daily Report: Thursday, 2 November 2017
Thursday’s POMSOX trading session closed on the red as both stock indices declined. The Kina Securities main index KSi shed 0.33 points or 0.01% to 5,284.27 points and likewise KSHi slipped 9.85 points or 0.09% to end at 10,988.42 points.
One stock fell compared to nil gains.
Dual-listed mining giant, Newcrest Mining Ltd (NCM) was maintained at K54.00.
On the downside, banking and financial stock Bank South Pacific Ltd (BSP) shed a toea to close lower at K9.45.
The day’s trading recorded a thin volume of 475 shares valued at K13,799.70
In overseas markets, U.S stocks mostly closed higher with the Dow ending near record levels after the Fed’s view of economy turns positive. The Dow Jones Industrial Average rose 58 points or 0.3% to end 23,435 points. Japan’s Nikkei share average extended its strong rally to top a new 21-year peak with the mining sector getting boost. The Nikkei advanced 119.04 points or 0.53% to finish at 22,539.12 points. The Australian shares eased back with the benchmark index ending the session in the red as losses for the banking sector more gains from miners and energy companies. The benchmark S&P/ASX 200 index slipped 6 points or 0.01% to 5,931 points.