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KSi Daily Report: Friday, 17 November 2017

Friday’s POMSOX trading session was quiet as both stock indices remained unchanged. The Kina Securities main index KSi was flat at 5,289.15 points and similarly the Kina Securities Home Index KSHi was steady at 11,037.68 points.

There were no trades registered for the day.

U.S. stocks closed higher in overnight trading, with earnings-inspired gains by Cisco and Wal-Mart helping to set the pace, while House passage of a Republican-sponsored tax cut plan helped cement the rally. The Dow Jones Industrial Average ended with a gain of 187.08 points, or 0.8%, at 23,458.36 after rising as much as 221 points earlier in the session. Japan’s Nikkei share average gained 45.68 points or 0.20 to 22,396.80 points on Friday helped by shares in most sectors while chip-related stocks such as Sumco and Tokyo Electron outperformed. Meanwhile, The Australian S&P/ASX 200 index was up 13.80 points or 0.23% at 5,957.30 points at close today.

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