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KSi Daily Report: Monday, 27 June 2016

POMSoX opened the trading week on a positive note as the main index or KSi gained 3.11 points (+0.07%) at 4,575.85 points. Likewise, the home index or KSHi rose 98.50 points (+1.03%) at 9,661.78 points.

Bank South Pacific Ltd (BSP) was the sole winner for the session at K8.10 after collecting 10 toea. The Banking and Financial stock was the only stock traded for today’s session with a total volume of 7,610 units valued at K61,641.00.

In markets abroad, U.S stocks declined on Friday as the Dow Jones Industrial Average fell 2.00 points or 0.01% to 17,245 points. Japan’s Nikkei share average rebounded on Monday as government ramped up intervention rhetoric after Brexit. The Nikkei surged 357.19 points or 2.39% to 15,309.21 points. The Australian share market recovered early losses to sit slightly higher with investors knowledge about the implications of Britain’s vote to leave the EU. The S&P/ASX 200 benchmark index market rose 24.00 points or 0.47% to 5,137. points at the close.

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