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KSi Daily Report: Thursday, 11 February 2016

Tuesday’s POMSOX trading session was quiet as both Kina Securities stock indices closed flat. The Kina Securities Main index KSi was steady at 3,349.19 points and likewise the Kina Securities Home Index or KSHi 9,359.99 points.

Financial and banking stock Bank South Pacific Ltd (BSP) was the only stock traded today, ending at K7.50 unchanged. A light volume of 266 shares were recorded valued at K1,995.00.

In markets abroad, US stocks closed down in overnight trading after Federal Reserve comments on the possibility of rate increases in 2016. The Dow Jones Industrial Average closed 99.64 points or 0.62% at 15,914.74 points relinquishing gains in late afternoon trading. Meanwhile, The Japanese stock market was closed today in observance of Coming of Age Day. However, The Australia Share market has ended a four –day losing streak closing Higher amid some strong earnings results from Cochlear and listed property trusts. The S&P/ASX 200 index was up 45.4 points or 0.95% at 4,821.10 points by 4:15PM (AEDT) the official market close.

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