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KSi Daily Report: Tuesday, 04 August 2015

There was no trade done on POMSoX today, and thus both Kina Securities stock indices stayed unchanged. The main index or KSi remained at 3,480.40 points and likewise, the Home index or KSHi was at 9,711.13 points.

Kina Securities Ltd (KSL), the new IPO recently listed on POMSoX and ASX, remained at K2.80 in PNG stockmarket. In ASX, it closed 5 cents lower at $1.37.

The Dow Jones Industrial Average Of New York sliced 91.66 points or 0.52% to 17,598.20 point as U.S stocks finished lower following weak economic data but a further slump in crude-oil managed to pare early losses. Japan’s Nikkei Index edged down on weakness in manufacturing activity in China and the U.S. The Average fell 27.75 points or 0.14% to 20,520.36 points. IN Australia shares however closed higher, boosted by the banks and biotechnology giant CSL’s breakthrough past the $100 a share mark. The S&P/ASX 200 advanced 18.55 points or 0.24% to 5,697.90 points today.

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