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KSi Daily Report: Monday, 27 November 2017

The week started on a moderate trading session as both stock indices closed on the red on Monday’s POMSOX session. The Kina Securities main index KSi was down 1.38 points or 0.03% to 5,291.57 points and similarly the Kina Securities Home Index KSHi dipped 41.21 points or 0.37% to finish at 11,045.72 points.

Bank South Pacific Ltd (BSP) and Oil Search Ltd (OSH) were both evened out at K9.55 and K17.84 flat respectively.

On the downside, pharmaceutical stock City Pharmacy Ltd (CPL) declined by 23toea to end lower at 75toea at the close of market.

The day’s trading transacted a total of 21,639 shares worth K51,058.45.

U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average adding 31.81 points, or 0.1%, to 23,557.99 points, less than half a percentage point from its record finish at 23,590.83 points.Japan’s Nikkei share average fell on Monday in choppy trade after a slightly stronger yen sapped investors’ risk appetite, sending stocks such as chip-related firms lower. The Nikkei dropped 54.86 points or 0.2% to 22,495.99 points at close. Australian shares started the week on a positive note on Monday, with Macquarie shares jumping over $100 for the first time, although losses for Telstra worked to limit upside for the benchmark. The S&P/ASX 200 index ended the day up 6.20 points, or, 0.1% at 5,988.80 points.

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