KSi Daily Report: Thursday, 24 August 2017

POMSOX trading was quiet for Thursday with the Kina Securities Index KSi steady at 4,983.11 points. Likewise, the home index KSHi was also unchanged at 11,001.75 points.

Bank South Pacific Ltd (BSP) was the only stock traded today at K9.55 flat with a total volume of 5,000 units valued at K47,750.00.

In off-shore new, U.S. stocks ended with modest losses on in overnight trading, after President Donald Trump threatened to shut down the U.S. government if Congress doesn’t fund his campaign pledge to build a wall on the Mexican border, a policy with low approval ratings in Congress. The Dow Jones Industrial Average fell 87.80 points (-0.40%) to 21,812.09 points. Japan’s Nikkei share average fell to a 3-1/2-month low on Thursday, dragged down by Wall Street losses, a stronger yen and steel makers after reports that the country’s biggest producer was cutting prices. Bucking gains elsewhere in Asia, the Nikkei ended the session 58.09 points lower (-0.30%) at 19,376.55 points. Meanwhile, The ASX overcame a shaky start as miners again propelled the bourse to gains on another day of dramatic reactions to earnings reports. The S&P/ASX 200 index ended the session up 6.70 points (+0.12%)to 5,743.90 points.

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