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KSi Daily Report: Monday, 01 September 2014

POMSoX was quiet on the first business day of September with only one stock traded Monday. The Kina Securities main index, the KSi, was flat at 3,732.24 points, the same went to the KSHi, the Home index, which ended at 7,904.42 points unchanged.

Bank South Pacific Ltd (BSP) was the only stock that traded for the whole session at K7.20. The stock registered a total volume of 5,067 shares worth K36,482.40.

In overseas news, U.S. stocks closed with modest gains Friday in light trading, building on weekly and monthly advances, as largely upbeat U.S. economic data offset overseas worries. The Dow Jones Industrial Average gained 18.88 points, or 0.11%, to end at 17,098.45 points. In Asia, Japanese shares edged up on Monday, led by gains in some mid- and small-cap shares, but the advance was mostly capped on worries the Japanese economic recovery from a tax hike earlier this year may be weaker than initially thought. The Nikkei share average rose 52.01 points or 0.34% to 15,476.60 points. Meanwhile, The Australian share market is modestly higher as investors hope upcoming central bank meetings provide further support for low interest rates. By close of market Monday, the benchmark S&P/ASX200 index was up 6.30 points, or 0.11% at 5,632.20 points.

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