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KSi Daily Report: Wednesday, 02 November 2016

Both stock indices edged higher on Tuesday’s POMSOX trading session amid an active session. The Kina Securities main index KSi was up 2.67 points or 0.06% to 4,746.83 points and similarly the Kina Securities Home Index KSHi advanced 84.67 points or 0.80% to 10,733.62 points.

One stock climbed compared to two that declined.

Bank South Pacific Ltd (BSP) was the winning stock for the day, up by 13toea to close at K9.10.

Meanwhile, retail stock City Pharmacy Ltd (CPL) was down 14toea to close at K1.00. Credit Corporation Ltd (CCP) shed a toea, ending lower at K1.89.

The day’s trading registered a substantial volume of 1,014,374 shares worth K1,093,498.86.

U.S stocks fell, dropping for a sixth consecutive session to end at a nearly four-month low as investors with a presidential race as the DJIA declined 105.32 points or 0.58% to finish at 18,037.10 points. Japan’s Nikkei share average fell to a two-week low as worries over the U.S presidential election prompted a recoil in global markets, with stronger yen adding to the cautious mood. The benchmark Nikkei slumped 307.72 points or 1.76% to 17,134.68 points. The Australian market had a dismal day of uncertainty over U.S presidential elections combined to a broad-based-sell-off on the ASX index

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