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KSi Daily Report: Tuesday, 15 November 2016

Both stock indices were closed unchanged on Tuesday’s POMSOX trading session. The Kina Securities Main index KSi was maintained at 4,775.35 points and similarly the Kina Securities Home Index KSHi was unmoved at 10,665.24 points.

Financials Bank South Pacific Ltd (BSP) and Kina Securities Ltd (KSL) were both evened out at K8.99 and K2.70 flat respectively. Followed closely by Credit Corporation Ltd (CCP) at K1.95 unmoved. Energy stock Oil Search Ltd (OSH) was unchanged at K17.10 at the close.

The day’s session transacted a total of 5,239 units valued at K42,181.69.

U.S stocks edged up to a record-high close as the broader stock market came under pressure, with investors seeking clarity on policy proposals of the president. The DJIA rose 21.03 points or 0.1% to finish at 18,868.69 points. The Nikkei edged down in choppy trade as investors took profits from sharp gains in the past few days driven by Trump’s economic policies. Japan’s Nikkei share average shed 9.57 points or 0.05% to 17,663.05 points. The Australian market ended its winning streak day as local investors were keen on taking profits after last week’s rally and the big banks WBC and ANZ traded ex-dividend. The S&P/ASX 200 benchmark index dropped 25 points or 0.47% to 5,345.70 points.

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