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KSi Daily Report: Wednesday, 09 August 2017

Both stock indices were unchanged on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was steady at 4,983.14 points and likewise the Kina Securities Home Index KSHi was flat at 11,002.73 points.

There was no trades registered for the day.

U.S markets finished lower following declined in materials, healthcare, telecom and real estate stocks, and amid escalating tensions between U.S and North Korea. The Dow Jones Industrial Average slipped 14.00 points or 0.06% to 22,016.00 points. Japan’s Nikkei share average tumbled to more than a two-month low on escalating geopolitical tensions on the Korean peninsula as the Nikkei dropped 257.30 points or 1.29% to 19,738.71 points. The Australian stock market advanced despite the weak cues overnight as Commonwealth Bank’s better-than-expected full year profit boosted shares of the big four banks, with the rise of mining stocks. S&P/ASX 200 benchmark index 200 rose 28.70 points or 0.50% to 5,772.50 points.

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