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KSi Daily Report: Wednesday, 04 March 2015

Both Kina Securities stock indices stayed unchanged for second consecutive session on POMSoX Wednesday. The main index or KSi was steady at 3,649.28 points, likewise, the home index or KSHi was at 9,772.09 points unchanged.

Bank South Pacific Ltd (BSP) was again the only stock traded for the session at K7.40 unmoved, with a low volume of 540 shares valued at K3,996.00.

In off-shore markets, U.S. stocks closed lower in overnight trading, retreating from all-time highs Weaker-than-expected growth in monthly car sales dampened spirits, sending shares of Ford and Fiat Chrysler sharply down. The Dow Jones Industrial Average dropped 85.26 points, or 0.5%, to 18,203.37. In Aisa, Japan’s Nikkei share average dropped 111.56 points or 0.59% on Wednesday after weak performances in U.S. shares triggered profit-taking. Likewise, The Australian share market has finished lower as three major stocks trade ex-dividend and economic growth figures disappointed investors. By close of market today the benchmark S&P/ASX200 index was 32.3 points, or 0.54% lower at 5,901.60 points.

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