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KSi Daily Report: Wednesday, 04 May 2016

Wednesday’s POMSOX trading session was quiet as both Kina Securities stock indices remained unchanged. The Kina Securities main index KSi was maintained at 4,156.07 points and similarly the Kina Securities Home index, KSHi was steady at 9,112.94 points.

There were no trades registered today.

Renewed concerns about economic growth in Europe and China weighed on markets on Tuesday, causing stocks to erase all of the previous day’s gains. The Dow Jones Industrial Average declined 140.25 points or 0.78% to 17,750.91 points.
Japanese stocks tumbled to near a three-week low after the yen hit a fresh 18-month high against the dollar. The Nikkei share average ended the day 3.11% or 518.67 points lower to 16,147.38 points.
The Australian share market traded around one per cent lower, with investors taking profits after Tuesday’s surge as the big banks led the rise after the Reserve Bank cut the official interest rate. Benchmark index S&P/ASX 200 shed 82.74 points or 1.55% to 5,271.10 points.

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