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KSi Daily Report: Monday, 07 September 2015

POMSOX opened the week on an active note as both Kina Securities stock indices closed in higher ground. The main index KSi added 0.05 points at 3,425.79 points, while the home index, KSHi was up 1.64 points or 0.02% to 9,551.92 points.

There were five stocks traded amid one advanced compared to another that lost.

Pharmaceutical stock City Pharmacy Ltd (CPL) ended a toea higher to close at K1.47.

Portfolio management stock Kina Asset Management Ltd (KAM) lost 1toea at 98toea.

Bank South Pacific Ltd (BSP) and Oil Search Ltd (OSH) at K7.30 and K14.50 traded flat respectively.

Today’s POMSOX trading session registered a total volume of 6,127 shares valued at K23,363.33.

New York stocks took a big hit last Friday with the Dow Jones Industrial Average dropping 1.66% or 272.38 points to 16,102.38 points despite encourage labor figure. Japanese stocks recovered by gains in the Chinese market after regulators sought to claim sentiment. The Nikkei share average shed 99.57 points or 0.48% to 20,741.04 points. On ASX, the S&P/ASX 200 benchmark index fell 10.20 points or 0.20% to 5,030.40 points as Australian stocks traded lower following the negative lead from Wall Street on the mixed U.S jobs data to recent uncertainty about the outlook for interest rates.

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