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KSi Daily Report: Friday, 31 July 2015

Kina Securities stock indices gave up yesterday’s gains after two stocks declined after POMSoX closed Friday. The main Index KSi withdrew a small 0.58 points or 0.02% at 3,478.22 points and similarly the Home index KSH fell 33.31 points or 0.34% at 9,711.13.

However, one stock advanced despite two retreats for the last trading day of July.

Sole winner was Kina Securities Ltd (KSL), rose further 10 toea from yesterday’s close on its second trading day after the listing.

The indices’ decline was attributable to the accumulate weakness in Credit Corporation Ltd (CCP) which lost 5 toea to K2.50, and a junior cap miner Marengo Mining Ltd (MMC) that declined a toea at 2 toea.

Bank South Pacific Ltd (BSP) was the only stock traded unchanged at K7.40 flat.

Today’s session recorded a considerable volume of 790,941 shares with a monetary at K601,792.28.

In off-shore, U.S. stocks ended an overnight choppy session little changed after data showed the economy picked up its pace in the second quarter, leaving the Fed on track to raise interest rates as soon as September. The Dow Jones Industrial Average finished only fractionally lower, down 5.41 points at 17,745.98 points. Japan’s Nikkei Share Average edged up in choppy trade on Friday as investors took comfort from less volatile Chinese share moves. The Index gained 0.3% to 20,585.24 this afternoon. The Australian shares closed higher, finishing with gains in four of the past five sessions. At the close, the benchmark S&P/ASX200 index was 29.7 points, or 0.52% higher at 5,699.20.00 points.

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