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KSi Daily Report: Thursday, 16 June 2016

Thursday’s POMSOX trading session was rather quiet as there were no trades done with both Kina Securities stock indices ending unchanged. The Kina Securities main index KSi was maintained at 4,678.06 points while the Kina Securities Home Index KSHi was unmoved at 9,579.23 points.

Kina Securities Ltd (KSL) maintained at K2.40 on POMSOX with no registered trades while on ASX closed at $1.06.

U.S stocks relinquished modest gains and closed lower on Wednesday, stretching a losing streak to five days as investors weighed the Fed’s decision to delay rate increases. The Dow Jones Industrial Average fell 86 points (-0.49%) to 17,466.00 points. Japan’s Nikkei share average fell 2.9 percent to a four-month low on Thursday after BOJ’s decision to keep its policy on hold lifted the yen to a near 22 month highs. The Nikkei slumped to as low as 15,460.28, falling below its April trough, declining 485.44 points (+3.05%) to 15,434.14 points. The Australian share market bucked the trend in global markets with frontline mining and banking shares leading a small relief rally after several sessions in the red. The benchmark S&P/ASX 200 index was down 1.1 points (-0.02%) to 5,146 points.

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