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KSi Daily Report: Friday, 15 July 2016

Friday’s POMSOX trading session was quiet as both Kina Securities stock indices remained unchanged. The Kina Securities main index KSi was maintained at 4,630.16 points and similarly the Kina Securities Home index, KSHi was steady at 9,766.95 points.

There were no trades registered today.

In markets abroad, The Dow Jones Industrial Average finished at a fresh record high close of overnight trading, extending their winning streak for a fifth session, spurred on by better-than-expected earnings from J.P. Morgan Chase & Co. The Dow added 134.39 points, or 0.73%, to 18,506.41 points, for its third record finish in a row. Japan’s Nikkei posted its biggest weekly gain in 6-1/2 years after a fifth straight winning session on Friday, lifted by Wall Street’s record run and a drooping yen. The Nikkei share average rose 111.96 points 0.68% to 16,497.85, its highest closing level since June 10. In Australia, Expectations of more economic stimulus from central banks and better-than-expected Chinese economic growth figures have helped lift the share market to its highest level in 11 months. The big banks and resources stocks led the market to a seventh straight session of gains, its best run since December. On Friday, the benchmark S&P/ASX 200 index was up 18 points, or 0.33% at 5,429.60 points.

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