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KSi Daily Report: Friday, 14 October 2016

Both Kina Securities stock indices were unmoved amid a quiet but active trading session. The Kina Securities main index KSi was steady at 4,769.47 points and likewise the Kina Securities Home Index KSHI was maintained at 10,639.10 points.

Financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both unchanged at K8.96 and K1.90 flat respectively.

Friday’s trading session registered a total of 57,010 shares worth K126,964.46.

In markets abroad, U.S stocks finished in the red with intraday lows investors following the Fed’s latest meeting minutes as well as weak Chinese economic reports. The Dow Jones Industrial Average shed 45.26 points or 0.3% to close at 18,098.94 points. Japan’s Nikkei share average edged up in choppy trade from Wall Street’s weakness overnight as the Nikkei gained 82.13 points or 0.49% at 16,856.37 points. The Australian stock market swung between gains and losses throughout the day, ending the session slightly down with weakness in mining stocks and banks eroding growths from Telstra and retailers. The S&P/ASX 200 benchmark index slumped 150 points or 0.03% to 5,434.00 points.

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