KSi Daily Report: Tuesday, 14 March 2017

Tuesday’s POMSOX trading session saw one stock index declining while the other remained amid an active session. The Kina Securities main index shed 1.09 points or 0.02% to 4,836.70 points. The Kina Securities Home Index KSHi was unmoved at 10,970.60 points.
Dual-listed banking stock Kina Securities Ltd (KSL) edged 10toea lower, closing down at K2.60.
Bank South Pacific Ltd (BSP) was the only other stock unchanged at K9.30 at the close.
The day’s session transacted a sizable volume of 192,288 shares worth K844,697.30.
In markets abroad, U.S stocks were little changed with the Dow Industrials closing slightly lower ahead of a widely expected rate hike as the DJIA closed down 21.50 points or 0.1% at 20,881.48 points. Japan’s benchmark Nikkei average was flat at 19,634.29 points, down by 0.12% or 24.25 points. The Australian stock market drifted lower after opening higher following mixed cues from Wall Street and on caution ahead of the Fed’s interest rate decision. S&P/ASX 200 benchmark index lost 2.90 points or 0.05% to 5,754.40 points.