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KSi Daily Report: Monday, 25 September 2017

The week opened it’s trading on the red as both stock indices edged lower on Monday’s POMSOX session. The Kina Securities main index KSi slipped a mere 0.48 points (0.01%) to 5,205.21 points and similarly the Kina Securities Home Index KSHi declined 0.98 points (0.01%) to 11,004.82 points.

On the losing streak, Kina Asset Management Ltd (KAM) was down by a toea closing at 94toea.

Meanwhile, dual-listed energy stock Oil Search Ltd (OSH) was unchanged at K17.05.

The day’s trading transacted 2,504 shares valued at K950.00.

U.S markets finished slightly higher on the back of easing concerns about latest healthcare legislation proposal as the Dow Jones Industrial Average was relatively flat at 22,360.28 points, down 52.31 points or 0.23%. Japan’s Nikkei share average rose as a weaker yen lifted exporter shares as the Nikkei gained 101.13 points or 0.50% to 20,397.58 points. The Australian stock market ended higher with mixed results from the sectors as the S&P/ASX benchmark index rose 26.70 points or 0.47% to 5,682.10 points.

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