KSi Daily Report: Tuesday, 22 August 2017

POMSoX was quiet on Tuesday’s session but both Kina securities indices edged higher on financial stock. The Kina Securities Main Index or KSi gained a mere 0.33 points at 4,983.11 points. Likewise, the Kina Securities Home Index or the KSHi collected 9.85 points (+0.09%) at 11,001.75 points just above the 11,000 benchmark.

During the session , there was one stock that gained against none that fell.

Bank south pacific (BSP), the largest banking stock in terms of market capitalization, added a toea to close at K9.55.

Meanwhile, Credit Corporation Ltd (CCP) traded unchanged at K1.70.

Today’s trading recorded a light volume of 5,209 shares at a value of K10,495.95.

U.S. stock-market indexes closed mostly higher in overnight trading, with the Dow industrials taking back some ground after the worst two-day drop in nearly a year. The DJIA switched between small gains and losses, ending the session 29.24 points, 0.1%, higher at 21,703.75, helped by a rally in shares of Home Depot Inc. which rose 1.2%. The tepid moves on Wall Street were due to geopolitical tensions and ongoing political turmoil in Washington. Japanese stocks were nearly flat in choppy trade on Tuesday as geopolitical uncertainty kept activity in check. The Nikkei share average edged up 0.37 points at 19,407.65 points at close of trade, after traversing negative and positive territory. In Australia, The mining sector drove the ASX higher on the back of stronger iron ore prices and as investors embraced results from big names like BHP, Oil Search and Sydney Airport. The S&P/ASX 200 benchmark index ended the session up 24.24 points, or 0.43% at 5,750.30 points.

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