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KSi Daily Report: Wednesday, 10 December 2014

Both Kina Securities Indices ended slightly lower after POMSOX trading closed on Wednesday. The Main Index KSi closed at 3,604.47 points and the Kina Securities Home Index KSHi lost 0.91 points to 9,826.22 points.

Today’s trading recorded one loss against nil gains.

New Britain Palm Oil Ltd (NBO), one of the heavy-weighted agricultural components on the indices, was down by 1toea at K27.94.

City Pharmacy Ltd (CPL) registered at K1.44 flat. Meanwhile exploration stock Marengo Mining Ltd (MMC) and financial stock Credit Corporation Ltd (CCP) closed unmoved at 5toea and K2.55 even respectively. Bank South Pacific Ltd (BSP) ended at K7.19.

Total shares traded today was 41,407 units valued at K12,362.51.
The U.S. stock market staged a rebound in overnight trading but still ended the day lower, after steep opening losses sparked by China’s tightening of lending rules and Greece’s surprise elections announcement. The Dow Jones Industrial Average fell as much as 218 points, but finished 51.28 points, or 0.3% lower at 17,801.20 points. The Nikkei benchmark dropped 1.5 percent to 17,542.67 points by close of market as Japanese stocks tumbled to a more than one-week low on Wednesday as political uncertainty in Greece spooked world markets already under strain from a slide in crude oil prices and worries over global growth.. In Australia, the S&P/ASX 200 also closed lower, down 0.3% to 5,267.90 point caused by lower oil stocks despite gains among blue-chips sectors.

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