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KSi Daily Report: Tuesday, 24 November 2015

POMSoX was quiet on Tuesday’s session but ended with both Kina Securities indices registering losses at the close. The main index, the KSi dipped 1.10 points (-0.03%) to 3,568.28 points. Likewise, the Home index KSHi fell 66.62 points (-0.69%) to 9,647.90 points.

One stock gained compared to an equal number of loss.

The downfall came from Credit Corporation Ltd (CCP) as the financial holding stock gave up 10 toea to close at K2.30.

Oil Search Ltd (OSH) managed to pick up a toea at K16.01, slightly minimizing the fall effect on the indices.

Today trading recorded a low volume of 44,286 units of shares valued at K118,309.80.

U.S. stocks closed slightly lower in overnight trading, retreating from last week’s strong gains. The Dow Jones Industrial Average was down 31.13 points, or 0.17%, to 17,792.68 points at close. The Nikkei share average ended 45.08 points or 0.23% higher at 19,924.89 points with Japanese stocks posted modest gain in choppy trade on Tuesday. The Australian shares closed nearly 1% lower, dragged back by the major banks and continued weakness in the resources sector. The benchmark S&P/ASX200 index was down 50 points, or 0.95% at 5,226.40 points.

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