KSi Daily Report: Tuesday, 11 July 2017

Tuesday’s trading session saw both stock indices edging lower amid an active session. The Kina Securities main index KSi was down by 1.12 points or 0.02% to end at 4,987.92 points and similarly the Kina Securities Home index KSHi slumped 33.60 points or 0.30% to 11,083.09 points.

Bank South Pacific Ltd (BSP) added 2toea to close high at K9.57.

On the downward trend, Credit Corporation Ltd (CCP) fell by 8toea to close lower at K1.70.

There was a substantial volume of 6,177,741 shares transacted at a value of K10,541,509.70.

In offshore markets, U.S stocks ended mostly higher on tech stocks rebound which managed to offset losses in the consumer staples and healthcare sectors. The Dow Jones Industrial average gained 25.00 points to 0.12% to 21,384.00 points. Japanese stocks finished at a near two-week high as a weaker yen boosted many export-oriented stocks as the Nikkei share average rose 114.50 points or 0.57% to 20,195.48 points. Australian shares ended marginally higher ahead of Yellen’s testimony. The S&P/ASX 200 benchmark index finished 4.46 points or 0.1% higher at 5,728.90 points.

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