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KSi Daily Report: Tuesday, 01 July 2014

Both Kina Securities Indices were on the red after POMSOX trading session ended Tuesday. The main index KSi shed 1.04 points to 3,716.64 points. Likewise, the Home Index KSHi declined 18.08 points or 0.22% to end at 7,900.86 points.

Only two stocks were traded, with one fell while another maintained.

On the downside, the leading financial institution Credit Corporation Ltd (CCP) traded at K2.65, down 5 toea, with 28,615 units worth K75,829.75.

Meanwhile, Bank South Pacific Ltd (BSP) traded but remained unchanged at K7.40.

Total shares registered was 30,126 units at a share value of K87,011.15.

In overnight trading, U.S stocks suffered as the Dow Jones Industrial Average declined 25.24 points or 0.15% to 16,826.60 points. However, Asian stocks rose as the Nikkei closed the month on a high after suffering a massive single-day fall on Friday. Japan’s Nikkei share average surged 181 points or 1.19% to 15,343 points. The Australian share market were mixed with the Reserve Bank opted to maintain interest rates at 2.5 per cent. The benchmark index S&P/ASX 200 declined 22.45 points or 0.42% to 5,373.30 points today.

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