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KSi Daily Report: Thursday, 3 April 2014

POMSoX trading was quiet for the second consecutive session today with both kina securities indices closing weaker. The main index or the KSi sliced a small 0.08 points to 3,626.54 points. Similarly the home index or the KSHi was cut 1.41 points (-0.04%) at 8,130.97 points.

There was a single loss registered compared to nil gains for Thursday’s session.

City Pharmacy Ltd (CPL), the pharmaceutical stock cum retail supermarket withdrew 1 toea to complete the day at K1.94. the company announced last week the net profit after tax fell 15.31% to K16.4 million from K19.40 million in 2013.

Credit Corporation td (CCP) traded unchanged at K2.70.

The day’s session recorded a low volume of only 882 units at a value of K1,992.28.

In New York, U.S stocks rose a fourth day extending a record as data showing companies added to payrolls last month fueling optimism on growth in the economy. The Dow Jones Industrial Average was up 40.39 points or 0.24% ending at 16,573. Asian stocks extended gains on a seventh day in the longest rally this year ahead of U.S jobs data this week. The Japanese Nikkei share average rose 126 points or 0.84% to close at 15,072 points today. Australian shares made modest gains but disappointing with the release of strong Chinese economic data. The benchmark S&P/ASX 200 edged 6.58 points or 0.12% upwards to finish at 5,409.89 points.

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