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KSi Daily Report: Monday, 22 June 2015

Both Kina Securities indices continued the downward movement from last Friday, opening this week’s trading on a negative note. The Kina Securities main index, the KSi, eased a mere 0.08 points to end the session at 3,553.94 points. Likewise, the Home index or the KSHi was declined 2.63 points (-0.03%) at 9,719.00 points.

There was a single loss registered on POMSoX compared to nil gains for Monday’s session.

City Pharmacy Ltd (CPL), the sole listed pharmaceutical stock on POMSoX, headed down to finish at K1.47 as the stock gave up a toea today.

Stocks that traded unchanged included the three financial stocks, Credit Corporation Ltd (CCP), Bank South Pacific Ltd (BSP) and Kina Asset Management Ltd (KAM) which closed at K2.60, K7.40 and K1.00 respectively. Followed by Oil and Gas stock, Oil Search Ltd (OSH) which was unmoved at K16.00 and Newcrest Mining Ltd (NCM) was stable at K25.00 even at the close.
Monday’s trade registered a moderate volume of 94,968 shares at a monetary value of K206,095.52.
In off-shore news, U.S. stocks ended Friday deep in the red as the persistent deadlock in Greek debt talks turned investors cautious heading into the weekend with The Dow Jones Industrial Average having dropped 101.56 points, or 0.6%, to 18,014.28 points. However, In Aisa The Japan’s Nikkei share average rose 253.95 points or 1.26% at 20,428.19 points on Monday on hopes that 11th-hour proposals from Greek Prime Minister would appease its creditors and help avert a default. Likewise, The Australian share market has closed higher, with investors looking to see whether Greece’s days in the euro zone are numbered. At the close on Monday, the benchmark S&P/ASX200 index was 11.50 points 0.21% higher at 5,608.50 points.

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