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KSi Daily Report: Thursday, 08 June 2017

Both stock indices edged lower amid light trading on Thursday’s POMSOX trading session. The Kina Securities main index KSi was down by a mere 0.33 points or 0.01% to end at 4,879.36 points and similarly the Kina Securities Home Index KSHi slipped 9 points to close at 11,048.97 points.

Bank South Pacific Ltd (BSP) shed a toea, ending at K9.50 at the close.

Meanwhile, Credit Corporation Ltd (CCP) and Oil Search Ltd (OSH) both evened out at K1.78 and K18.01 flat respectively.

A total of 3,337 shares were registered at a monetary worth of K28, 997.04.

U.S markets finished marginally higher after gains in the financial sector and a lack of additional revelations from Comey which managed to offset sharp falls in energy stocks. The Dow Jones Industrial Average rose 16.00 points or 0.08% to 21,179.00 points. Japan’s Nikkei share average hovered in positive terrain with the yen moving away from recent highs and Wall Street edging up as participants were on guard ahead of key events with the Nikkei up 0.1% at 19,993.97 points. The Australian market closed relatively unchanged as the better-than-expected economic growth did not surprise the market with the big banks halting recent falls by finishing slightly higher. The S&P/ASX 200 benchmark index fell 0.30 points or 0.01% to 5,667.20 points.

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