KSi Daily Report: Tuesday, 25 July 2017

Tuesday’s POMSOX trading was moderate after the long weekend holiday as one stock index gained. The Kina Securities main index KSi declined 1.30 points or 0.03% to 4,990.73 points while the Kina Securities Home Index maintained at 11,156.28 points.

Junior cap explorer Highlands Pacific Ltd (HIG) slipped by 2toea to end lower at 16toea.

Financial stocks Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) were both evened out at K9.60

U.S stocks finished modestly lower as the market kicked off a busy week of earnings as the DJIA ended the session 0.3% lower at 21,513 points. Japan’s Nikkei inched up as the market found its footing following the previous day’s fall although the index was confined in a narrow range ahead of the Fed’s policy meeting as the Nikkei was up 0.25% at 19,987.25 points. The Australian stock market advanced shrugging off mixed cues overnight with stocks gaining across the board. S&P benchmark index rose 33.80 points or 0.59% to 5,722.90 points.

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