Both Kina Securities stock indices relinquished their previous gains after key bank stock that traded fell during POMSoX trading session today. The main index, the KSi, slipped 1.41points (-0.03%) to 5,290.22 points. Similarly, the home index, the KSHi closed 9.85 points or (-0.09%) lower to finish at 11,037.68 points.
Only one stock lost compared to no other stock movements for today.
Bank South Pacific Ltd (CCP) caused the negative impact on the indices, finishing a Toea below. The stock ended at K9.50 after trading a total of 19,934 shares with a monetary value of K189,373.00.
In off-shore news, The Dow ended slightly lower in overnight trading maintaining a soft tone after the Federal Reserve minutes indicated that an interest-rate hike is likely but the pace of future tightening could be more moderate than expected given muted inflation. The Dow Jones Industrial Average dropped 64.65 points, or 0.27%, to 23,526.18 points. In Asia, The Japanese stock market was closed in observance of labour Thanks Giving Day today. Meanwhile, Australian Shares slipped at close with distaste for banking stocks failing to outweigh appetite for resources. The benchmark S&P/ASX200 Index fell 0.2 points to close at 5,986.20 points.