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KSi Daily Report: Wednesday, 03 September 2014

Both Kina Securities stock indices gained territories to conclude high for Wednesday’s POMSoX session. The Main Index KSi added 22.64 points or 0.61% to end at 3,745.28 points and similarly the Home Index KSHi jumped 328.36 points or 4.24% to end at 8,066.05 points, slightly above the 8,000 benchmark.

Wednesday’s session recorded two gains with nil stock that lost.

Contributors to the positive movement of the indices were by leading financial stocks Credit Corporation Ltd (CCP) at K2.70 (+10 Toea) and Bank South Pacific Ltd (BSP) K7.45 (+55 Toea) . Both were aided by the their own share buyback scheme.

Unmoved stock for the day was Oil and gas stock Oil Search Limited (OSH) ending at K19.15 even.

The day’s trading registered 58,206 shares at a value of K257,364.45.

In New York, U.S stocks ended lower after achieving a record close on Friday. The Dow Jones Industrial Average fell 30.89 points or 0.18% to end at 17,067.56 points. The Nikkei jumped to a 7-month high as Japan stocks headed for a third day of gains. Japan’s Nikkei share average advanced 60 points or 0.38% to 15,728 points. Australian stock market closed lower, ahead of release of key gross domestic product growth data. The benchmark S&P/ASX 200 index closed flat at 5,656 points today.

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