KSi Daily Report: Tuesday, 17 December 2013

POMSoX suffered losses as two out of four stocks that traded fell after close of POMSoX Tuesday. The Kina Securities Stock Index or the KSi eased 4.72 points (-0.12%) to 3,872.59 points and the Home index, or the KSHi, dropped 36.15 points (-0.44%) at 8,179.55 points.

Oil Search Ltd (OSH) moved into negative territory giving away 3toea to K17.53 and Credit Corporation Ltd (CCP) lost 10 toea at K2.50. The negative effect on both stocks weighted down on both indices.

Unchanged stocks were Marengo Mining Ltd (MMC) traded flat at 17 toea, followed by City Pharmacy Ltd (CPL) ended steady at K1.95.

Tuesday’s session registered a total volume of 27,094 shares at a value of K11,657.34.

U.S. stocks rose in overnight trading as economic data showed solid improvements in business activity across the country, with the Dow closing higher for the second-straight session, up 129.21 points or 0.8% higher to 15,884. In Asia, the Japan stockmarket moved higher on Tuesday as upbeat economic data from the U.S. and Europe lifted investor confidence. The Nikkei share Average rose 125.72 points or 0.83% at 15,278.63 points, recouping some of Monday’s losses. The Australian benchmark index S&P/ASX200 index was 13.6 points or 0.27% higher at 5,103.20 points, ahead of a key US Federal Reserve meeting.

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