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KSi Daily Report: Tuesday, 19 May 2015

Both Kina Securities stock indices relinquished their previous gains as three stocks fell during POMSoX trading session today. The main index, the KSi, slipped 1.27points (-0.04%) to 3,606.71 points. Similarly, the home index, the KSHi closed 20.67 points or 0.21% lower to finish at 9,786.42 points.

Three stocks lost compared to none that gained for Tuesday.

Bank South Pacific Ltd (BSP) finished 2 toea lower the previous day’s close at K7.40, followed by NGIP Agmark Ltd (NGP) at 73 toea, down by 5 toea. Marengo Mining Ltd (MMC) also traded today, however, the junior-cap miner closed 3 toea down by 1 toea.

Credit Corporation Ltd (CCP) was traded at K2.55 unchanged and Oil Search Ltd (OSH) was still steady at K16.50 despite falling ASX prices.

The day’s trading session recorded a total volume of 126,733 share with a monetary value of K96,838.56.
U.S. stocks climbed modestly in overnight trading amid thin trading volumes, with the Dow industrials Average adding 26.32 points, or 0.1%, to 18,298.88 points, finishing at the highest level ever. Japanese stocks rose to a three week high on Tuesday thanks to Wall Street’s record close and a surge in companies announcing higher shareholder returns. The Nikkei share average gained for a third straight session after adding 136.11 points or 0.68% at 20,026.38 points. But Australian share market has closed lower, despite double-digit gains by BHP Billiton. The benchmark S&P/ASX200 index was 43.7 points, or 0.77 per cent, lower at 5,615.90 points by close of market today.

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