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KSi Daily Report: Tuesday, 29 March 2016

POMSoX returned from a long Easter break but no trade was registered Tuesday. Both Kina Securities Indices were therefore remained unchanged with the Main Index at 4,033.78 points for KSi and 9,097.41 points for the home index, KSHi.

In offshore news, U.S stocks rose slightly on the back of consumer-discretionary and consumer-staples companies, but energy shares capped the market’s upside. Dow Jones Industrial Average gained 19.66 points or 0.11% to 17,535.39 points. Japanese stocks edged down as weak data from the US took some of the shine off recent evidence suggesting a reasonably healthy pulse. The Nikkei share average shed 60.97 points or 0.36% to 17,073.40 points. The Australian share market closed more than one per cent lower, led by steep falls among the major banks. All sectors finished in negative territory with the biggest losses from the financials. Benchmark index S&P/ASX 200 declined 79.69 points or 1.57% to 5,004.52 points.

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