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KSi Daily Report: Tuesday, 05 January 2016

Today POMSOX trading was quiet, ending the session flat. The Kina Securities main index, the KSi, remained at 3,492.30 while the Home Index or KSHi stayed at 9,599.58 points.

Only one ordinary stock traded, unchanged today accompanied by a debenture note.

Bank South Pacific Ltd (BSP) closed even, registering 10 trades at K7.50.

Meanwhile, BSP Unsecured Notes (BSPHA) closed at K25,500.00, up K500.00.

Tuesday’s session recorded a total of 5,728 units with PGK value of K93,945.00.

On off-shore, the Dow Jones Industrial Average slumped 276.09 points or 1.58% at 17,148.94 points after Investors dumped risky assets such as equities, bidding up prices of gold and Treasuries following a 7% rout in Chinese shares overnight, coupled with heightened tensions between Iran and Saudi Arabia. Likewise, Japanese stocks edged up in choppy trade on Tuesday as shares in China clawed back some ground. The Nikkei share average closed 18,374.00 points down by 76.98 points or 0.42%. The Australian market followed the downward trend on the back of weak China factory activity surveys. At close today, the benchmark S&P/ASX200 index was 86.10 points, or 1.63% lower at 5,184.40 points.

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