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KSi Daily Report: Tuesday, 07 June 2016

POMSoX stocks tacked on gains to push both Kina Securities indices to higher ground on Tuesday, aided by two financials stocks. The. The Main Index or KSi was up by 2.05 points (0.05%) at 4,517.65 points at the close while the home index or KSHi recouped 13.33 points or 0.14% to complete at 9,332.97 points.

Two stocks gained to nil losses.

The indices advances were mainly attributed to the strong performance of a dual listed bank stock, Kina Securities Ltd (KSL) which rose 15 toea to close at K2.40 and Credit Corporation Ltd (CCP) up 2toea at K1.69.

Meanwhile, Bank South Pacific Ltd (BSP) maintained at K7.75 unmoved.

Tuesday’s trading recorded a total volume of 8,892 shares valued at K50,847.48.

In New York, The Dow Jones Industrial Average rose 113.27 points, or 0.6%, to close at 17,920.33, as Boeing Co. BA, +3.55% shares leapt 3.6% following a report that Iranair was in talks to potentially buy over 100 jets from the aerospace giant. Japanese share prices bounced back from a four-week low on Tuesday after Federal Reserve Chair held back from giving a clear hint on the Fed’s rate hike timing, even as she stuck to the script that an increase is likely reasonably soon. The Nikkei average rose 95.42 points or 0.58% to 16,675.45 points. The Australian share market has given up earlier gains to close a touch higher after the central bank left the cash rate unchanged. At close of market on Tuesday, the benchmark S&P/ASX 200 index was up 10.6 points, or 0.2% at 5,371 points.

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