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KSi Daily Report: Tuesday, 14 June 2016

POMSoX returned today from a Queen’s Birthday extended Holiday weekend, producing positive results amid a reasonable trading session. The main index, the KSi rose 193.07 points (+4.30%) to close high at 4,678.06 points. However, the home index, the KSHi completed at 9,579.23 points unmoved.

There were two gains on POMSoX with no losses.

The performers for the day were heavy-weighted miner Newcrest Mining Ltd (NCM) that collected K3.00 to complete K45.00 followed by Oil Search Ltd (OSH) at K17.00 up 40 toea. The upward movements lifted the main index higher.

Stocks traded however remained unchanged for today’s session were Bank South Pacific Ltd (BSP) and Highlands Pacific Ltd (HIG) at K8.00 and 20 toea respectively.

Tuesday’s session recorded a combined volume of 170,518 shares valued at K121,154.20.

U.S. stocks fell for a third straight session in overnight trading with the Dow Jones Industrial Average finishing at their lowest close since May 24 as investors turned increasingly jittery ahead of a Federal Reserve policy meeting and a looming vote on the U.K.’s membership in the European Union. The Dow Jones Industrial Average shed 132.86 points, or 0.7%, to end at 17,732.48 points. Japanese stocks fell to more than a two-month lows in choppy trade on Tuesday, pressured by growing concerns that a referendum next week could push Britain out of the European Union. The Nikkei share average dropped 160.18 points or 1% to 15,859.00 points. The Australian share market continues to trade sharply lower, with the major banks, big miners and energy stocks all weaker. At close of market today, the benchmark S&P/ASX 200 index was down 109.30 points, or 2.06% at 5,203.30 points.

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