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KSi Daily Report: Thursday, 19 February 2015

Thursday’s POMSOX trading saw the Kina Securities Indices heading lower on moderate trading session. The main index KSi declined for three consecutive sessions, down by 5.82 points or -0.16% to 3,594.52 points and likewise, the home index KSHi slumped 106.66 points or -1.09% to 9,638.37 points.

Only one stock traded today and begged down with no winner for the session.

The falls by both indices were attributed to the frail performance of Bank South Pacific Ltd (BSP) as the home-listed stock retreated by 20toea to end at K7.15. The stock recorded a sizable volume of 65,344 units valued at K473,511.50.

U.S stocks ended marginally lower on Wednesday following Federal Reserve’s latest policy meeting and weaker-than-expected economic data and uncertainty about Greece’s debt negotiations. The Dow Jones Industrial Average declined 17.73 points or 0.10% to 18,029.85 points. Japan’s Nikkei rose 0.5 percent to heights last seen in 2000, helped by gains in financial and shipping companies. The Nikkei share average rose 74.10 points or 0.41% to 18,273.27 points. Australian share market closed in the red, reversing after a strong opening as a glut of corporate earnings failed to impress investors. The S&P/ASX 200 shed 11.45 points 0.19% to 5,904.23 points today.

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