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KSi Daily Report: Thursday, 05 May 2016

Thursday’s close on POMSoX was flat with thin volume. Both Kina Securities Stock indices stayed unchanged for a third straight session. The main index, the KSi, was stable at 4,156.07 points while the Kina Securities Home index or the KSHi held at 9,112.94 points even.

Bank South Pacific Limited (BSP) was the only traded stock today, closing unchanged at K7.50 with a total of 5,000 shares at a value of K37,500.00.
In markets abroad, U.S. stocks closed lower in overnight trading for a second straight session after a number of economic reports suggested the economy is struggling to regain momentum. Stronger-than-expected service-sector ISM index was not enough to balance disappointing private-sector job gains and a dip in productivity. The Dow Jones Industrial Average DJIA, -0.56% fell 99.65 points, or 0.56%, to 17,651.26 points. The Japanese stock market as closed today in observance of Children’s Day. Meanwhile, The Australian share market has edged higher as National Australia Bank’s half-year earnings report met expectations and supported the banking sector. At the close on Thursday, the benchmark S&P/ASX200 index was up 8 points, or 0.15% at 5,279.10 points.

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