KSi Daily Report: Wednesday, 02 August 2017

Wednesday’s POMSOX trading session saw one stock index declining amid thin trading. The Kina Securities main index KSi slipped 1.65 points or 0.03% to 4,988.00 points. Kina Securities Home Index KSHi was unmoved at 11,156.28 points.

On the downside, Bank South Pacific Ltd (BSP) slipped by 5toea to edge lower to K9.60 at the close.

Kina Securities Ltd was the only other stock closing unchanged at K2.60.

The day’s session transacted 4,355 units valued K14,249.00.

U.S markets rose with the Dow Jones reaching another record on the back of upbeat earnings and despite disappointing economic reports. The DJIA climbed higher by 44.00 points or 0.20% to finish at 21,948.00 points. Japan’s Nikkei share average posted modest gains supported by strong earnings reports from local companies and by a rally in Apple suppliers after reporting robust profits. The Nikkei advanced 105.39 points or 0.53% to 20,091.18 points. The Australian market closed higher extending gains from previous session as investors were cautious ahead of RBA’s interest rate decision. The S&P/ASX 200 benchmark index was up 14.40 points or 0.25% to 5,735.00 points.

Online banking