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KSi Daily Report: Tuesday, 21 March 2017

The Kina Securities Main Index rose as POMSoX closed with a key mining stock that gained ground today. The KSi collected an impressive 610.87 points or 12.56% to 5,473.86 points, above the 5,000 mark the level. However, the home index remained unchanged at 10,970.60 points.

One stocked gained against none that fell.

The heavily-weighted mining stock among the components of the indices, Newcrest Mining Ltd (NCM)) made a massive gain of K12 to reach at K58.00, a rise of 26% in a single session.

Meanwhile, Bank South Pacific Ltd (BSP) closed K9.30 flat.

The day’s trading recorded a total of 598 shares valued at K30,788.00
In Off-shore news, U.S. stocks closed marginally lower in overnight trading for the third straight day of losses, as investors were reluctant to make big bets without major economic or corporate news. The Dow Jones Industrial Average ended 8.76 points, or less than 0.1%, lower at 20,905.86 points. Japan’s Nikkei share average fell to on Tuesday as financial stocks were battered after U.S. yields fell, while index-heavyweight Softbank tumbled and weighed on the index. The Nikkei dropped 65.71 points or 0.534% to 19,455.86 points at close of trading after a public holiday on Monday. The Australian S&P/ASX200 fell 4.30 or 0.07% at 5,774.60 points after Selling in the bluechips drags the ASX stocks into the red, as TPG pops on a strong earnings update and Blackmores surges on a Chinese rule change.

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