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KSi Daily Report: Monday, 21 December 2015

Both Kina Securities Indices closed on the red amid an active trading on POMSOX on Monday. The main index or KSi dipped 0.31 points (-0.01%) to 3,491.55 points. Likewise, the Home index KSHi fell 9.76 points (-0.10%) to 9,592.92 points.

One stock lost against none that won.

The downfall came from portfolio management stock Kina Asset Management Ltd (KAM), as the stock fell 10toea to close at 85toea.

Bank South Pacific Ltd (BSP) and City Pharmacy Ltd (CPL) were unmoved at K7.50 and K1.33 flat respectively.

Today’s trading recorded a volume of 22,899 units of shares valued at K35,478.01.

U.S stocks sold off sharply on Friday, with the main indexes ending the week lower which was its biggest drop since September. The Dow Jones Industrial Average declined 367.29 points or 2.10% to 17,128.55 points. Japanese stocks fell in thin trading as the yen gained against the dollar after BOJ disappointed markets with minor adjustments to its massive stimulus program. The Nikkei was 70.78 points or 0.37% lower to 18,916.02 points. The Australian share market has closed almost flat as a small rally in mining and energy stocks outweighed a weak lead from US markets. The S&P/ASX 200 market index closed 2.39 points or 0.05% flat at 5,109.05 points.

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