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KSi Daily Report: Friday, 28 August 2015

Friday’s POMSOX trading session ended on the red for a second consecutive session as both Kina Stock indices closed lower. The Kina Securities main index KSi shed 0.23 points or 0.01% to 3,455.96 points while the Kina Securities Home Index or KSHi fell 7.07 points or 0.7% to 9,646.16 points.

There were only two stocks traded with one gain versus another that lost.

Wining stock for the day was retail pharmaceutical stock City Pharmacy Ltd (CPL) at K1.45, up by 10toea.

Financial stock Credit Corporation Ltd (CCP) closed on the downside, losing 5toea to close at K2.40.

A total of 177,473 shares traded valued at K419,543.90 points.

In off-shore markets, U.S stocks rallied to close near their intraday highs for a second straight session Thursday, as China showed signs that measures to stabilize its economy and stock market. The Dow Jones Industrial Average advanced 369.26 points or 2.27% to 16,654.77 points. Japan’s Nikkei share average surged more than 2 percent helped by further gains on Wall Street after strong U.S economic data buoyed sentiments. The Nikkei share average closed 542.34 points higher or 2.92% to 19,116.78 points. The Australian share market closed higher, its fourth straight session of gains after the heavy losses of a week ago. S&P/ASX 200 benchmark index was 30.3 points or 0.58% higher at 5,274.70 points today.

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