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KSi Daily Report: Friday, 01 September 2017

The Kina Securities indices closed steady on Friday. The main index, the KSi was unmoved at 4,986.55 points, likewise the Kina Securities Home index, or the KSHi remained flat at 11,104.30 points.

Only two stocks traded and remained flat at close.

Oil Search Ltd (OSH) led the unchanged at K17.00 followed by Bank South Pacific Ltd (BSP) maintain a strong hold at K9.60 even.

The day’s session recorded a total volume of 14,865 shares at a value of K180,162.80.
US. stocks closed out August in the green in overnight trading, extending a recent uptrend and clawing back from a midmonth slump as previously dormant markets showed signs of volatility remerging. Relatively upbeat economic data and hope of tax reform has been part of the catalyst that has helped to offer a lift to equities and shake of geopolitical worries. The Dow Jones Industrial Average closed up 55.67 points or 0.25% at 21,948.10 points. Japan’s Nikkei share average edged up on Friday, echoing Wall Street gains, but trading was subdued as investors awaited U.S. job data for possible clues on the Federal Reserve’s next move on interest rates. The Nikkei gained 45.23 points or 0.23% to 19,685.97 points by close of trading today. In Australia, The first day of spring brough a bit of sunshine to the ASX capping a hectic week which included a freach North Korean missle test and the final days of the August reporting period season. The S&P/ASX 200 index swung from gains to losses and back again on Friday, ultimately ending the session 10.10 points or 0.18% at 5,724.60 points with miners once again lifting and after buying in three of the four major banks.

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