KSi Daily Report: Monday, 21 November 2016

Both Kina securities Indices relinquished previous gains amid quiet trading on Monday. The Main Index or KSi declined by 1.08 points (-0.02%) at 4,794.81 points. Likewise, the home index or KSHi dropped 34.29 points (-0.32%) to 10,640.80 points.

Today’s session recorded one loss verses nil gains.

Credit Corporation Ltd (CCP) declined by 5 toea to close at K1.90.

Meanwhile, Bank South Pacific Ltd (BSP) mainlined a strong hold at K9.00 unchanged.

Monday’s trading recorded a low volume of 5,687 shares valued K44,927.90.

In overseas news, U.S. stocks closed lower on Friday, as a strong rally in the dollar stalled a multi-day advance for equities. The Dow Jones Industrial Average declined 35.82 points, or 0.2%, to 18,868.00 points. Japan’s Nikkei rose on Monday hovering at 10-1/2-month highs after the yen weakened further, but gains could be limited on investor caution after the market’s recent sharp rally. The Nikkei share average rose 138.61 points or 0.77% to 18,106.02 points, its highest since Jan. 7. The Australian share market has ended slightly lower after day of choppy trading as investors wonder if US President-elect Donald Trump will implement policies to stimulate the US economy. On Monday, the benchmark S&P/ASX 200 index was down 8.1 points, or 0.15% at 5,351.3 points.

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