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KSi Daily Report: Thursday, 07 September 2017

The Kina Securities Indices remained on the same note as yesterday and closed flat for the fifth consecutive session. The main index stayed at 4,986.55 points while the home index of KSHi ended at 11,104.30 points.

Bank South Pacific (BSP) was the only stock traded again today and closed unchanged at K9.60 with a mere volume of 832 units valued at K7,987.20.

U.S. stocks ended higher in overnight trading, shrugging off geopolitical jitters surrounding North Korea as energy shares rallied and President Donald Trump and lawmakers reached a deal to extend the deadline on the debt ceiling by three months. The Dow Jones industrials advanced 54.33 points or 0.25% to end 21,807.64 points. Japan’s Nikkei share average rose on Thursday, pulling away from the previous session’s four-month intraday lows after news of an agreement to extend the U.S. debt limit cheered Wall Street. The Nikkei was up 35.58 points or 0.18% at 19,393.73 points at close. The ASX slips into the red as banks reverse early gains and BHP trades ex-dividend, offsetting a strong performance from Telstra. The S&P/ASX 200 fell 6.30 points or 0.11% at 5,688.10 points.

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