KSi Daily Report: Tuesday, 09 June 2015

The POMSOX trading session gained little grounds on Tuesday after Queen’s birthday weekend holiday. The Kina Securities main index KSi was up 0.03 points to 3,554.99 points. Meanwhile the Home Index KSHi collected 0.98 points (0.01%) to 9,752.32 points.

There were five stocks traded with one stock gained compared to none that fell.

Kina Asset Management Ltd (KAM) was the only stock that advanced, up a toea to close at K1.00.

Stocks traded unmoved were led by financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) at K7.40 and K2.55 respectively. Oil Search Ltd (OSH) and City Pharmacy Ltd (CPL) ended at K16.00 and K1.47 even respectively.

Total shares registered today were 7,432 units at a share value of K35,698.42.

In markets abroad, U.S stocks declined on Monday as tech stocks lead the market lower. The slump in the main stock market indexes marked the third consecutive session with the Dow Industrials erasing year-to-date gains. The Average fell 82.91 points or 0.46% to 17,766.55 points. The Nikkei slid to a 2 ½ week low on caution over Greece’s financial position as the Index slipped 290.31 points or 1.42% to 20,166.88 points. The Australian market closed lower following falls on Wall Street overnight as the benchmark S&P/ASX 200 fell 26.85 points lower or 0.49% to 5,471.60 points at the close of market today.

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