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KSi Daily Report: Thursday, 29 October 2015

Kina Securities main stock Index, the KSi, took back what it had lost yesterday solely on the recovery of the banking and financial stock that fell. The index recovered 1.24 points or 0.04% to 3,494.84 points. However, the home stock index or the KHSi remained steady at 9,658.00 points.

Only one stock gained with no losses, accompanied by a debit stock.

The positive came from Kina Securities Ltd (KSL) which climbed 10toea to close at K2.60 amid a thin trading volume. The dual listed stock meanwhile completed flat on the ASX at $1.17 with trading volume of above 600,000 units.

Stocks traded however remained unchanged were, Bank South Pacific Limited (BSP) maintaining its stance at K7.44 flat followed closely by another home listed financial, Credit Corporation Ltd (CCP) at K2.40 even.

Meanwhile, BSP unsecured notes (BSPHA) also traded during the session completing K25,000.00 unmoved.

At the close, there were 93,051 shares registered, worth the value of K281,425.04.

In markets abroad, U.S stocks ended higher after Feds left monetary policy unchanged but signaled a rate increase at its next meeting in December. The Dow Jones Industrial Average rose 198.09 points or 1.13% to 17,779.52 points. Japanese stocks edged up in choppy trade ahead of BOJ meeting after solid industrial output data helped tame expectations. The Nikkei share average added 32.69 points or 0.17% to 18,935.71 points. The Australian market continued its losing streak since this week amid growing speculation on RBA’s next interest rate decision. The S&P/ASX 200 index slumped 68.37 points or 1.28% to 5,266.86 points.

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