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KSi Daily Report: Tuesday, 18 July 2017

Tuesday’s POMSOX trading session ended with one stock index rising amid an active trading session. The Kina Securities Home index KSi was up 0.58points to 4,992.03 points. Meanwhile the Kina Securities Home Index KSHi was maintained at 11,156.28 points.

Kina Securities Ltd (KSL) edged higher by 5toea to close at K2.60.

Bank South Pacific Ltd (BSP) closed unchanged at K9.60. Followed by Newcrest Mining Ltd (NCM) and Oil Search Ltd (OSH) at K50.00 and K17.01 flat respectively.

A total of 158,016 shares were traded at a monetary value of K1,511,729.20.

U.S stocks finished little changed after a session of struggling to push higher only to fall short of records as investors looked toward key quarterly results that will be released this week to set the tone. The Dow Jones industrial average declined 8.02 points to close at 21,629.72 points. Japanese shares fell to more than a one-week low after cyclical stocks lost ground as a stronger yen hit sentiment as the Nikkei fell slid 118.95 points or 0.59% lower to 19,999.91 points. The Australian stock market declined on Tuesday, extending losses from the previous session following the mixed cues overnight. Banks and oil stocks are among the leading decliners. S&P/ASX 200 benchmark index was down 25.10 points to 5,730 points.

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