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KSi Daily Report: Monday, 28 April 2014

Kina Securities indices registered losses at the close of POMSoX Monday despite thin volume. The main index, the KSi, edged 0.40 points lower to 3,656.46 points. Likewise, the Home index or the KSHi lost 7.05 points (-0.19%) to 8,124.28 points.

One stock fell registered on POMSoX today, against none that gained.

The downfall came from City Pharmacy Ltd (CPL), as the pharmaceutical cum retail stock gave up 5 toea to close at K1.90 today.

The only two stocks that traded but ended unchanged today were Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) as both financials closed at K2.70 and K7.78 respectively.

A light volume of only 13,910 shares traded at a value of K41,232.80.

In markets abroad, U.S stocks were weighed down on Friday on consumer selloff of discretionary stocks as tensions grew in Ukraine. The Dow Jones Industrial Average dropped 140.19 points or 0.85% to end at 16,361.46 points. Asian stocks tumbled on Monday in a cautious session following New York’s fall. Japan’s Nikkei share average slipped 141 points, 0.98% to 14,288 points. Meanwhile Australia’s benchmark S&P/ASX200 index was almost flat, up 5.10 points at 5,536.10 points by close of market today, amid losses among the big iron ore miners. However, the Index is holding above the 5,500 point mark at near six-year highs and following six consecutive days of gains.

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