The markets opened for the week with Kina Securities main index (KSi) slightly moving up adding 1.16 points or 0.02% to end at 5,502.52. Meanwhile, the Home index or the KSHi was steady at 10,919.99 points.
Monday’s trade was silent registering the leading banking and finance stock on the market, Bank South Pacific (BSP) as the only stock trading for the day flat at K9.55. A thin volume of 11,518 was recorded today with a monetary value of K109,996.90.
In offshore markets, the US market has risen, led by gains in retailer, banks and consumer stocks, even as a possible government shutdown loomed. The Dow Jones Industrial Average ended the day higher after trading in a narrow range by 0.21% or 53.91 points to close at 26,071.72. Japanese stocks eked out small gains on Monday as the Asian market closed, with strength in securities and insurers offsetting falls in resources-related sectors including trading houses, steelmakers and shippers. The Nikkei index was slightly up at 23,816.33 by 8.27 points or 0.03%. Australian shares however, have given up their early gains and closed lower, with the banks weighing on the overall index. The benchmark S&P/ASX200 index was down 13.9 points or 0.23% at 5,991.9.