KSi Daily Report: Wednesday, 1 November 2017
November started on a quiet note as both stock indices declined amid moderate trading, ending on the red. The Kina Securities main index KSi was down 1.65 points or 0.03% at 5,284.60 points and similarly the Kina Securities Home Index KSHi sliced 49.26 points or 0.45% to finish at 10,998.27 points.
Bank South Pacific Ltd (BSP), the leading stock in terms of market capitalization, slipped 5toea to end lower at K9.46 at the close.
Meanwhile, mining giant Newcrest Mining Ltd (NCM) was steady at K54.00.
Wednesday’s POMSOX trading session registered 16,289 shares worth K156, 899.96.
U.S stocks closed higher with the Nasdaq ending at a record and major indexes overall wrapping up a strong October as quarterly results kept equities drifting near all-time highs. The Dow Jones Industrial Average rose 28.5 points or 0.1% at 23,377.24 points. Japanese stocks scaled a fresh 21-year high cheered by booming profits for Japan Inc. The Nikkei jumped 420.32 points or 1.2% to 22,431.93 points. The Australian stock market peaked a solid day of trade with all Ordinaries index past 6,000 points. The benchmark S&P/ASX 200 gained 50.00 points to 5,938 points.