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KSi Daily Report: Friday, 16 June 2017

Friday’s POMSOX trading session closed on a quiet note as both stock indices were maintained. The Kina Securities main index KSi was steady at 5,365.54 points and similarly the Kina Securities Home index KSHi was unchanged at 11,057.97 points.

Credit Corporation Ltd (CCP) was unmoved at K1.78 followed by NGIP Agmark Ltd (NGP) at 60toea flat at the close.

A total of 24,649 shares were traded at a monetary value of K19,268.68.

In markets abroad, U.S stocks closed lower as large-cap names in technology sector extended losses and energy names sell of a day after Feds raised interest rates. The Dow Jones Industrial Average declined 14.66 points or 0.07% to 21,359.90 points. Japan’s Nikkei rose to a one-week high as the yen dropped, after an expected policy decision by the BOJ as the Nikkei gained 111.44 points or 0.56% to 19,943.26 points. The Australian stock market advanced as investors shrugged off the weak cues overnight from Wall Street. Banks and oil stocks were among the leading gainers as the S&P/ASX 200 rose 21.40 points or 0.37% to 5,784.60 points.

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