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KSi Daily Report: Tuesday, 31 January 2017

Tuesday’s POMSOX trading session edged lower as both stock indices ended on a negative note. The Kina Securities main index KSi fell 6.08 points or 0.13% to 4,810.73 points and likewise the Kina Securities Home Index KSHi slipped 49.25 points or 0.46% to close at 10,628.45 points.

Home-listed finance and banking stock Bank South Pacific Ltd (BSP), shed 5toea to close at K9.00 lower.

Stocks traded unchanged were Kina Securities Ltd (KSL) at K2.70. Followed closely by energy and mining stocks Oil Search Ltd (OSH) and Newcrest Mining Ltd (NCM) at K17.50 and K46.00 flat respectively.

A total of 11,903 units were registered, valued at K98,313.40.

U.S stocks dropped to close lower Monday with the Dow logging its worst daily loss since mid-October as investors grappled with the latest policy. The Dow Jones Industrial Average finished down 122.65 points or 0.6% at 19,971.13 points. Japanese stocks fell as uncertainty over Trump’s policies continued to weigh on investor sentiment. The Nikkei share average slumped 302.63 points or 1.63% to 19,066.22 points. The Australian stock market extended losses from the previous session, tracking lower crude oil prices and the weak cues from Wall Street amid worries about the economic impact of Trump’s immigration policies. The S&P/ASX 200 benchmark shed 38.20 points or 0.67% to 5,623.30 points.

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