KSi Daily Report: Thursday, 31 March 2016

Thursday’s POMSOX trading session ended on a negative note amid moderate trading. The main index KSi was down 0.41 points or 0.01% to 4,033.37 points. Likewise the Kina Securities Home Index KSHi declined 13.04 points or 0.14% to 9,084.37 points.

Leading banking and financial stock in terms of market capitalization, Bank South Pacific Ltd (BSP) was the only stock traded today. The stock closed 3toea lower to end at K7.47, transacting a volume of 31,890 units valued at K238,218.30.

U.S stocks closed up for a third session in a row following comments from Fed Reserve chairwoman Janet Yellen, helping the Dow set a record for the most up days in a month in six years. The DJIA was 83.55 points or 0.47% to 17,716.66 points. Japanese stocks were flat as stronger yen trimmed the profit outlook for exporters and domestic retailers. The Nikkei share average rose 25.33 points or 0.15% to 16,904.29 points. The Australian share market posted its strongest gains in four weeks as the heavyweight banks and miners enjoyed sufficient rallies. The benchmark S&P/ASX200 index was 72.52 points or 1.45% to 5,082.79 points.

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