KSi Daily Report: Wednesday, 08 March 2017

Wednesday’s POMSOX trading was active as both stock indices gained grounds. The Kina Securities main index KSi rose 0.93 points or 0.02% to 4,864.40 points. The Kina Securities Home Index gained 29.55 points or 0.28% to 10,724.34 points.
Bank South Pacific Ltd (BSP) attributed to the positive movement as the stock rose by 3toea, closing at K9.05.
Credit Corporation Ltd (CCP) was traded flat at K1.95 at the close of market.
The day’s session transacted a total of 62,147 shares valued K285,906.65.
The Dow logged its first back-to-back decline since January as sharp losses in energy and telecommunications sectors dragged on the broader market. The DJIA shed 29.58 points or 0.14% to end at 20,924.76 points. Japan’s Nikkei share average eased slightly for the fourth consecutive day on Wednesday as it slipped 90.12 points or 0.5% to 19,240.95 points. The Australian market was low tracking overnight losses on Wall Street for a second straight day. The market pared initial losses and was flat as gains by banking and oil stocks offset weakness in mining stocks. S&P/ASX 200 benchmark index was down 3.40 points or 0.06% to 5,578.00 points.