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KSi Daily Report: Tuesday, 28 June 2016

Tuesday’s POMSOX trading session was active amid an active trading session. The Kina Securities main index, or KSi was up 0.11 points to 4,575.95 points. Meanwhile the Kina Securities Home Index, KSHi was maintained at 9,661.78 points.

One out of three stocks gained compared to nil losses.

Dual-listed banking and financial stock Kina Securities Ltd (KSL) was the sole winner for the day. The stock gained a toea to end at K2.41.

Other stocks traded included Bank South Pacific Ltd (BSP) and Oil Search Ltd (OSH) both evened out at K8.10 and K17.00 flat respectively.

Total shares transacted today were 8,421 units valued at K57,883.40

In offshore markets, U.S stocks posted a second sharp daily loss as investors continued to dump assets perceived as risky in the wake of the U.K vote to leave the EU. The Dow Jones Industrial Average declined 260.51 points or 1.50% to 17,140.24 points. Japanese stocks edged higher in volatile trade as a pause in sterling’s fall offered some respite, but gains were capped by weakness in automakers. The Nikkei share average gained 91.50 points or 0.09% to 15,323.14 points. The Australian share market has closed lower, following overseas markets’ falls in the aftermath of the UK’s vote to leave the European union. The S&P/ASX 200 benchmark index was down 33.9 points, or 0.66% at 5,103.30 points.

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