KSi Daily Report: Thursday, 23 April 2015

Both Kina Securities stock indices headed in the negative territory amid an active trading POMSOX trading session Thursday. The main index KSi shed 0.12 points to 3,810.40 points and likewise the Kina Securities home index KSHi lost 3.87 points or 0.04% to 9,748.03 points.

There were six stocks traded unmoved compared to one stock that fell.

Financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) closed at K7.40 and K2.55 flat respectively. Followed closely by City Pharmacy Ltd (CPL) and Kina Asset Management Ltd (KAM) at K1.45 and K1.00 even respectively. Dual-listed mining stock Oil Search Ltd (OSH) ended at K16.00 unchanged.

Losing stock for the day was Agmark NGIP Ltd (NGP) closed lower by 4toea to end at 74toea.

Total shares recorded today were 14,660 units valued at K44,075.54.

In New York, U.S stocks closed higher on Wednesday as better-than-expected earnings and upbeat report on existing home sales fueled investor confidence. The Down Jones Industrial Average rose 88.68 points or 0.49% to 18,038.27 points. Japan’s Nikkei benchmark stock index closed high as investors bought large-cap. The Nikkei ended at 20,187.65 points, down by 53.75 points or 0.27%. In Australia, the market closed lower as investors reduce their of a May interest rate cut. The benchmark index S&P/ASX 200 was 34.8 points lower or 0.13% to 5,844.80 points today.

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