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KSi Daily Report: Tuesday, 17 June 2014

POMSoX was quiet for Tuesday’s session but ended with The Kina Securities main index closing slightly lower. The KSi was down by a mere 0.40 points (-0.02%) to 3,686.65 points meanwhile, the Kina Securities Home index or KSHi was steady at 7,919.76 points flat.

There was a single lose registered on POMSoX today, against no gain.

The downfall came from Kina Petroleum Ltd (KPL), the mining exploration stock gave up 5 toea to close at K1.00. This was the only stock traded for today’s session recording a volume of 2000 units valued at K1,000.00.
In overseas news, The U.S. stock market ended a choppy trading session marginally higher as investors weighed upbeat economic reports and deal news against concerns over escalating violence in Iraq. The Dow Jones Industrial Average added 5.27 points or 0.03% to 16,781.01 points. In Asia, Japanese stocks clawed back some of the previous day’s losses on Tuesday, but trading volume hit its lowest in two months as many institutional buyers held back amid concerns over geopolitical risks in the Middle East and Ukraine. The benchmark Nikkei rose 42.68 points or 0.29% to 14,975.97 points. Meanwhile, The Australian share market has closed lower, with the banks and the big miners pulling it into the red. By close of market Tuesday, the benchmark S&P/ASX200 index was 11.6 points, or 0.21% lower at 5,400.70 points

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