KSi Daily Report: Tuesday, 14 July 2015

The Kina stock market indices closed on the red upon returning from the NCDC gazette public holiday on Monday. The Kina Securities Main index KSi slipped 0.31 points to 3,503.74 points, meanwhile the Kina Securities Home index, KSHi shed 9.85 points or 0.10% to close lower at 9,745.93 points.

Four stocks were traded with a loss compared to nil gains.

On the downside, financial stock Bank South Pacific Ltd (BSP) was attributable to the negative indices, ending a toea lower to finish at K7.43.

Other stocks traded included Credit Corporation Ltd (CCP) at K2.50, followed by portfolio management stock Kina Asset Management Ltd (KAM) and Oil Search Ltd (OSH) evened at K1.00 and K15.49 respectively.

Total shares registered today were 82,189 units at a share value of K567,759.25.

U.S stocks closed sharply higher after European leaders reached a deal with Greece on new bailout terms. The Dow Jones Industrial Average jumped 217.27 points or 1.2% to 17,977.68 points. Likewise, Japanese stocks surged on Tuesday after Greece agreed to a debt deal with creditors lifting all sectors as the Nikkei share average rose 1.6% to 20,419.95 points. The Australian stock market opened higher in a broad-based rally as investors welcomed news of a Greece bailout deal with European creditors. The S&P/ASX 200 rose 106.90 points or 1.95% to 5,580.10 points today.

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