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KSi Daily Report: Tuesday, 01 November 2016

The first day of November closed on a rather quiet session as both stock indices were unmoved. The Kina Securities main index KSi was steady at 4,744.16 points and likewise the Kina Securities Home Index KSHi was maintained at 10,648.95 points.

Financial stock Credit Corporation Ltd (CCP) was the only stock traded today. The stock ended flat at K1.90, registering 1,585 units valued at K3,011.50.

U.S stocks closed lower after drifting between slight gains and losses, finishing October with a loss as stronger-than-expected consumer spending data underlined the economy’s growth. The Dow Jones Industrial Average shed 18.77 points or 0.1% to close at 18,142.42 points. Japan’s Nikkei edged up in choppy trade on Tuesday after BOJ held policy steady while disappointing earnings forecasts from companies capped gains. The benchmark Nikkei share rose 17.38 points or 0.10% to 17,442.40 points. The Australian stock market declined following weak cues from Wall Street and the fall in crude oil prices overnight as the benchmark S&P/ASX 200 slipped 40.50 points or 0.76% to 5,277.20 points.

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