KSi Daily Report: Wednesday, 01 February 2017
Wednesday’s POMSOX trading session gained ground, kick-starting February on a positive note as both stock indices closed higher. The Kina Securities main index KSi was up by a mere 6.08 points or 0.13% to end at 4,816.81 points. The Kina Securities Home Index KSHi rose 49.25 points or 0.46% to close higher 10,677.70 points.
Bank South Pacific Ltd (BSP) attributed to the day’s gains by closing up 5toea higher to end at K9.05.
Dual-listed finance stock Kina Securities Ltd (KSL) traded flat by evening out at K2.70.
The day’s trading transacted a light volume of 4,405 shares valued K34,048.65.
U.S stocks trimmed earlier losses but still ended mostly lower however posting monthly gains. The Dow Jones Industrial Average slipped 107.04 points or 0.5% to 19,864.09 points. Japanese stocks wobbled, undermined by a stronger yen currency and a drop on Wall Street as investors fretted about the impact of Trump’s policies. The Nikkei gained 106.74 points or 0.56% to close at 19,148.08 points. The Australian stock market was modestly higher in choppy trade, tracking mixed cues overnight from Wall Street and higher commodity prices. The S&P/ASX 200 benchmark index rose 16.50 points or .29% to 5,637.40 points.