KSi Daily Report: Tuesday, 22 November 2016

Both stock indices edged lower amid an active POMSOX trading session on Tuesday. The Kina Securities main index KSi fell 0.28 points or 0.01% to 4,794.53 points. Similarly the Kina Securities Home Index KSHi shed 8.87 points or 0.08% to 10,631.93 points.

Two home-listed stocks fell attributing to the decline in the indices.

Bank South Pacific Ltd (BSP) was down by toea to end at K8.99, followed by Bank South Pacific Unsecured Notes down by K2,000 to end lower at K25,000.00.

Meanwhile Credit Corporation Ltd (CCP) was unmoved at K1.90 flat.

The day’s trading recorded a total of 15,720 shares valued at K169,868.03.

In markets abroad, U.S stocks closed higher at fresh records aided by a jump in oil prices and a pullback in the dollar as the Dow Jones Industrial Average gained 88.76 points or 0.5% to close at a record of 18,956.69 points. Japanese stocks paused after a strong rally and as investors pondered the impact of an earthquake that hit northern Japan. The Nikkei gained 42.50 points or 0.63% to 18,162.94 points. The Australian market advanced following positive cues overnight from Wall Street and higher crude oil prices. The benchmark S&P/ASX 200 rose 50.80 points or 0.95% to 5,402.10 points.

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