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KSi Daily Report: Wednesday, 01 April 2015

Trading on POMSOX was quiet as only two stocks were crossed on Wednesday. The Kina Securities main index KSi was unmoved at 3,555.00 points while the home index KSHi was steady at 9,772.00 points.

The two stocks that traded were unchanged.

Bank South Pacific Ltd (BSP) closed at K7.40 flat while portfolio management stock Kina Asset Management Ltd (KAM) ended at K1.00 even.

Total shares registered today were 5,565 units valued at K39,165.00

U.S stocks closed lower on Tuesday after a retreat among healthcare and industrial companies, with the Dow posting a slight decline for the year’s first quarter. The Dow Jones Industrial Average fell 200.19 points or 1.11% to 17,776.12 points. Likewise, Tokyo shares fell on Wednesday as investors sold recent gainers to lock profit, as the Nikkei share average fell 145.84 points or 0.76% to 19,061.15 points. The Australian share market was also weaker, as further commodity price declines put mining and resources stocks under pressure and fuel volatility. The benchmark S&P/ASX 200 fell 39.81 points or 0.68% to 5,851.70 points.

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