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KSi Daily Report: Monday, 26 September 2016

The week’s trading session opened on a quiet note as both Kina Securities Stock index closed gained grounds. The Kina Securities main index, KSi added 1.24 points or 0.03% at 4,763.85 points and likewise the Kina Securities Home Index, KSHi gained 39.40 points or 0.47% to 10,621.17 points.

One out of two stocks gained versus nil losses.

Bank South Pacific Ltd (BSP) was the winning stock for the day attributing to the positive movements of the indices, up by 4toea to close high at K9.00.

Dual-listed mining giant Newcrest Mining Ltd (NCM) was the only other stock traded flat at K46.00 today.

Monday’s trading session recorded a total of 1,599 shares valued at K18,979.00.

In off-shore news, U.S stocks closed near session lows Friday, with investor sentiment hit by renewed slide in crude-oil prices as the Dow Jones Industrial Average fell 35 points or 0.19% to 18,155.00 points. Japan’s Nikkei fell with a strong yen souring overall sentiment and underperformance of Apple suppliers as the Nikkei slumped 209.46 points or 1.25% to 16,544.56 points. The Australian share market continued to trade slightly weaker with investors taking cues from Friday’s decline on Wall Street and sharp fall in energy prices. The benchmark index S&P/ASX 200 index was down 0.27 points or 14.8 points to 5,416.50 points.

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