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KSi Daily Report: Monday, 05 October 2015

POMSoX trading stayed quiet on Monday despite weaker Kina Securities indices at the close. One bank stock closed lower. The main index, the KSi dipped 4.66 points (-0.13%) to 3,454.95 points. Likewise, the Home index, the KSHi fell 147.75 points (-1.52%) at 9,581.84 points.

Bank South Pacific Ltd (BSP) gave up 15 toea to close at K7.35, as the stock gone ex-dividend today and will be paying a dividend of 22.5 toea per share which will be payable on the 22nd October 2015. This was the only stock traded today recording a total volume of 20,660 shares valued at K151,851.00.

In US markets, the Dow sharply reversed on Friday, turning sharp opening losses into sizable gains by the end of the session, as investors shrugged off a surprisingly weak jobs report. The Dow Average gained 200.36 points, or 1.2%, to 16,472.37points at the close. Japanese stocks rose on Monday, buoyed by signs of progress in Trans-Pacific Partnership negotiations, a trade agreement which could give a major boost to Prime Minister Shinzo Abe’s struggling economic policy. The Nikkei share average gained 275.25 points or 1.55% to 18,000.38 points by close of market today. The benchmark S&P/ASX200 index of ASX was up 98.50 points, or 1.95%, at 5,150.50 points as bargain hunters moved in and a weaker US dollar increased the appeal of the mining and energy sectors.

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