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KSi Daily Report: Monday, 15 December 2014

POMSoX stocks opened the trading week on a quiet note and at the close, both Kina Securities stock indices remain unchanged. The Kina Securities main index or KSi was flat at 3,593.67 points, and the home index or KSHi remained at 9,556.85.

Bank South Pacific Ltd (BSP) was the only stock traded today. At K7.14, the counter was unmoved with a total of 1,064 shares valued at K7,596.96 exchanged hands.

In overseas news, U.S stocks were pummeled Friday as investors rattled by concerns about the health of the global economy, fueled tripled-digit losses in blue-chip stocks. The Dow Jones Industrial Average recorded its biggest weekly decline since Sep 2011 dropping 315.51 points or 1.79% to 17,280.83. Japanese stocks fell to their lowest in four weeks on Monday as oil prices tumbled to a new 5 1/2 year low. The Nikkei benchmark lost 272.18 points or 1.57 to close at 17,099.40 points. Australian Shares followed the downward trend with the S&P/ASX200 closing 33.50 points or 0.64% lower at 5,186.10 points with the free-falling oil price weighing heavily on investor sentiment. At the point of writing, Sydney is still rattled with uncertainty events developing from the hostages taken in a chocolate shop in the CBD area.

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