KSi Daily Report: Monday, 17th October 2016

Both Kina Stock Indices closed on a negative note attributed by a major banking and finance stock. The Kina Securities main index KSi shed 0.31 points or 0.01% at 4,769.16 points and likewise the Kina Securities Home Index KSHi slipped 9.85 points or 0.09% at 10,629.25 points.

Bank South Pacific Ltd (BSP) was down by a toea ending lower at K8.95.

Meanwhile Credit Corporation Ltd (CCP) and City Pharmacy Ltd (CPL) both evened out at K1.90 and K1.14 flat respectively.

The day’s trading session recorded 26,197 shares valued at K82,796.50.

U.S stocks finished barely higher in overnight trading as an early rise, buoyed by gains in bank shares faded into the close. The Dow Jones Industrial Average ended up
Japan’s Nikkei share average rose in choppy trade as the dollar was steady against the yen. The Nikkei benchmark gained 43.75 points or 0.26% at 16,900.12 points. The Australian stock market is edged lower as investors digested Fed’s comments as the benchmark index S&P/ASX 200 was down 1.40 points or 0.03% at 5,432.60 points.

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