KSi Daily Report: Monday, 11 September 2017

Monday’s POMSOX trading session was rather quiet as both stock indices were maintained. The Kina Securities main index KSi was flat at 4,986.55 points and likewise the Kina Securities Home Index KSHi was unchanged at 11,104.30 points.

Bank South Pacific Ltd (BSP) was the only stock traded at K9.50, transacting a thin volume of 2,486 shares worth K23,865.60.

U.S markets ended mostly lower finishing a holiday-shortened week with modest losses as investors traded cautiously ahead of potential missile test by North Korea. The Dow Jones Industrial Average rose 13.01 points or 0.06% to 21,798 points. Japan’s Nikkei rallied to a one-week high after the dollar recovered against the yen, lifting recently battered exporters and financial stocks as the Nikkei rose 262.42 points or 1.36% to 19,537.24 points. The Australian stock market advanced as gains by banks and oil stocks more than offset weakness in mining stocks. The benchmark index S&P/ASX 200 gained 26.50 points or 0.47% to 5,699.10 points.

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