KSi Daily Report: Wednesday, 15 March 2017

Both stock indices were maintained on thin trading on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was steady at 4,836.70 points and similarly the Kina Securities Home Index KSHi was unmoved at 10,970.60 points.
Financial stocks Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) were the only stocks traded unchanged at K1.95 and K9.30 flat respectively.
A total of 6,564 shares were recorded valued at K13,564.20.
U.S stocks finished lower as a persistent slump in oil prices put pressure on energy shares. The Dow Jones Industrial Average finished down 44.11 points or 0.2% at 20,837.37 points. Japanese stocks slipped, dragged down by a firmer yen and Wall Street’s overnight retreat as the Nikkei share average declined 32.12 points or 0.16% to 19,577.38 points. Australian stock market was weighed down by the big banks and health care providers. The S&P/ASX 200 benchmark index rose 14.90 points or 0.26% to 5,774.00 points