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KSi Daily Report: Friday, 21 August 2015

POMSOX trading closed the week in rather quiet activity despite overseas tumbling stocks weaknesses. Both Kina Securities Indices remained unchanged, with the main index KSi ended at 3,376.80 flat while the Home Index stood at 9,664.70 points unchanged.

Only two stocks traded but both were flat.

Banking stocks Bank South Pacific Ltd (BSP) and Kina Securities Ltd (KSL) closed flat at K7.40 and K2.70 respectively.

The day’s trading recorded a volume of 31,219 shares at value of K89,080.60.

The Dow Jones Industrial Average tumbled 2.1per cent overnight, its heaviest fall this year taking the market to its lowest point so far this year. The DJIA plunged 358.04 points or 2.06% to 16,990.69 points. Japan’s Nikkei share average dropped more than 2 percent to six-week lows on Friday after Wall Street tumbled as investors unloaded risky assets hit by concerns that a slowdown in China could affect global economy. The Nikkei was 539.55 points lower or 2.69% to 19,493.97 points. Australian shares also fell heavily on overnight Wall street losses. The S&P/ASX 200 benchmark index fell 73.96 points or 1.40% to 5,214.60 points today.

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