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KSi Daily Report: Friday, 04 July 2014

Both Kina Securities stock indices were in the negative territory Friday, despite broad gains on markets abroad. The main index KSi sliced off 1.04 points to 3,765.85 points, while the Home index KSHi fell 18.88 points or 0.23% to close at 7,897.45 points.

One stock lost with no other stock that gained on POMSoX today.

The financial holding company, Credit Corporation Ltd (CCP) closed at K2.65 down by 5 toea amid a considerable volume of 2,7500,00 shares traded during today’s session . The decrease caused both indices to retreat.

Meanwhile, Bank South Pacific Ltd (BSP) was the only unmoved stock at K7.40 flat.

Today’s session registered a substantial volume of 3,693,530 shares with a monetary value of K14,269,622.00

In US markets, the Dow Jones Industrial Average closed at a record level in a holiday-shortened week, fueled by a jobs report that was far stronger than expected. The DJIA closed 92.41 points, or 0.6%, higher at 17,068.26 points. Likewise, Japan’s Nikkei share average rose 88.84 points or 0.58% at 15,437.13 points on Friday, as a much stronger than expected U.S. jobs report fuelled investors’ appetite for riskier assets, while the weak yen lifted exporters. Australian stock market followed the upward trend, closing higher for a third consecutive day amid leads on US markets. The Friday trading session saw the benchmark S&P/ASX200 index adding 33.80 points, or 0.62% to 5,525.00 points.

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