KSi Daily Report: Friday, 05 June 2015

Both Kina Securities Indices suffered losses as one out of five stocks that traded fell after close of Friday’s session. The Main Index KSi shed 0.08 points to end at 3,554.96 points. Likewise, the Kina Securities Home Index KSHi dropped 2.35 (-0.02%) to 9,751.34 points.

One stock fell with no other movements for today’s session.

Cum retail stock City Pharmacy Ltd (CPL) was the only stock that lost registering at K1.47, down by a toea.

Stocks traded however remained unchanged for the day were led by financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.55 respectively. Followed by Newcrest Mining Ltd (NCM) at K25.00 while Junior Cap miner Marengo Mining Ltd (MMC) was 3 toea flat.

A combined volume of 68,077 unit of shares valued at K252,270.56 were recorded.

U.S stocks closed sharply lower finishing with sizable losses Thursday, weighed down by fresh Greek drama and U.S economic reports that helped make an interest-rate hike this year more likely. The Dow Jones Industrial Average lost 170.69 points or 0.94% lower to 17,905.58 points. Likewise, the Nikkei fell on Friday after U.S and European shares weakened, with investor expectation on the timing of an increase in U.S interest rates. The Nikkei share average declined 27.29 points or 0.13% to 20,460.90 points. Similarly, the Australian stock market finished in the red for the fifth consecutive day as traders continue to sour on the big four banks. The benchmark index S&P/ASX 200 fell 9.20 points or 0.17% to 5,495.10 points.

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