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KSi Daily Report: Wednesday, 05 July 2017

Both stock indices edged higher closing on the green on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was up 0.33 points or 0.01% at 4,825.89 points and likewise the Kina Securities Home Index KSHi gained 9.85 points or 0.09% to close at 11,107.03 points.

One stock gained compared to another stock that declined.

Bank South Pacific Ltd (BSP) added a toea to finish higher at K9.55.

On the downside, Credit Corporation Ltd (CCP) closed at K1.75, down by 3toea.

Portfolio management stock Kina Asset Management Ltd (KAM) was unmoved at 96toea at the close.

The day’s session transacted a total of 17,693 shares valued at K29,317.18.

U.S markets were closed in observance of the U.S Independence Day holiday. Japanese stocks slipped to its lowest level in nearly three weeks amid heightened tensions following Korean tensions sap confidence. The Nikkei share average was down 0.7% to 19,899.69 points after plumbing 19,888.90, its lowest since June 16. The Australian market declined after posting strong gains in the previous sessions as the S&P/ASX 200 benchmark index slipped 8.10 points or 0.14% to 5,775.70 points.

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