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KSi Daily Report: Tuesday, 09 January 2018

Tuesday’s trading saw both Kina Securities indices closed lower. The main index KSi fell lower by 9.90 points or 0.18% to 5,465.74 points and the home index or KSHi declined by 6.69 points or 0.06% at 10,884.04 points amid a very thin trading POMSoX session.

Only 4,878 units were traded worth of K7,999.92.

Credit Corporation Ltd (CCP) closed lower by 1 toea to K1.64 amid trivial volume.

In markets abroad, U.S stocks closed lower amid a rise in technology shares triggered by expected higher earnings and a positive net effect from corporate tax cuts. Dow Jones Industrial Average weakened by 12.87 points or 0.05% to 25,283.00 points. The Nikkei NIK, was up by 208.20 points or 0.89% to 23,714.53 points as the market reopened following a three-day weekend and investors caught up to Monday’s stock gains in Asia. The Australian benchmark S&P/ASX 200 followed an upward trend as the market closed with an increase of 5.40 points or 0.09% to 6,135.80 points.

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