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KSi Daily Report: Thursday, 03 July 2014

POMSOX trading on Thursday saw only one stock that traded. However, the movement helped lift the main index KSi to a 1.35% jump. Ending at 3,766.89, the index extended gains despite little trading volume. Meanwhile the Kina Securities Home index KSHi was steady at 7195.53 points, unchanged at the close.

The mining stock, Newcrest Mining Ltd (NCM) was traded at K25.00, adding K1.00 with 154 units worth K30,370.00.

U.S stocks inched higher in overnight trading as better-than-expected report on private sector hiring underscored the economy’s recent strength. The Dow Jones Industrial Average rose 20.17 points or 0.12% to 16,976.24 points. In Asia, Japanese stocks were flat as investors took time out ahead of U.S Friday jobs data. The Nikkei share average declined 22 points or 0.14% to 15,348 points. S&P/ASX 200 gained 39.30 points or 0.72% to 5,494.70 points as Australian stocks performed positively following the lead from Wall Street.

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