KSi Daily Report: Tuesday, 29 July 2014

Kina Securities stock indices closed on a mixed note as stocks head in opposite direction for Tuesday’s POMSoX trading session. The Main index or KSi was relinquished 156.92 points (-4.01%) at 3,758.13 points while the home index or KSHi finished at 8,267.41 points up by 36.16 points (0.44%).

One stock gained compared to an equal number of loss.

Credit Corporation Ltd (CCP) was the sole winner for today, as the financial stock collected 10 toea to close at K2.70 aided by the share buyback plan.

On the downside, Oil Search Ltd (OSH) closed lower by K1.85 at K19.15. The stock’s negative movement had the weighed heavily on the main index.

Bank South Pacific Ltd (BSP) closed steady at K7.30 followed closely by Credit Corporation Ltd (CCP) unmoved at K17.50.

Tuesday’s trading recorded a total volume of 80,072 shares valued at K317,078.30.

In overseas news, U.S stock market ended Monday’s choppy trading session mostly higher as investors weighed soft housing data against flurry of deal news. The Dow Jones Industrial Average added 22.02 points or 0.13% ended at 16,982.59 points. Meanwhile in Asia, Japan’s Nikkei share average added 88.67 points or 0.57% 15,618.07 points. In Australia, the S&P/ASX 200 was up 11 points or 0.20% at 5,588.40 points today.

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