KSi Daily Report: Monday, 21 August 2017

Both Kina Securities Indices were unchanged amid quiet trading on POMSoX Monday. The main index or KSi was steady at 4,982.78 points while the home index or KSHi was unmoved at 10,991.90 points at the close.

Two financial stocks, Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) closed unchanged at K9.54 and K1.70 respectively,

The day’s trading recorded a very light volume of 2,131 shares at a value of K4,649.74.
In overseas news, U.S. stock benchmarks closed firmly lower on Friday to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. The Dow Jones Industrial Average finished down 76.22 points, or 0.4%, at 21,674.51 points having been down by as much as 110 points earlier in the session. The biggest drag on the average was Nike Inc. shares falling 4.4%. Japan’s Nikkei share average fell to a fresh 3-1/2-month low on Monday as global investors remained cautious amid worries over whether the Trump administration will be able to implement growth boosting measures. The Nikkei fell 77.28 points or 0.4% to 19,393.13 points with financial and export-dependent stocks falling more than 1%. In Australia, The S&P/ASX 200 was down 31.60 points or 0.55% at 5,715.50 points amid drops for the country’s big four banks, which make up more than a quarter of the index’s weighting.

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