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KSi Daily Report: Wednesday, 11 October 2017

Wednesday’s trading session was modest as two stocks traded unchanged on POMSOX. The Kina Securities Main index, KSi was stable at 5,265.70 points while the Kina Securities Home Index or KSHi maintained at 10,948.05 points.

Stocks traded was the Banking & financial stock, Bank South Pacific Ltd (BSP) at K9.41 flat followed closely by NGIP Agmark Ltd (NGP) at 70 toea unchanged.

Total shares registered today were 6,280 points valued at K5,780.89.

In off-shore news, U.S. stock indexes closed higher in overnight trading, with the Dow finishing at its 47th record for 2017, as optimism appeared to grow ahead of the start of the earnings season, which will provide concrete insight into the state of U.S. corporations. The Dow Jones Industrial Average rose 69.61 points, or 0.3%, to end at 22,830.68 points. Japan’s Nikkei share average rose 57.76 points or 0.28% at 20,881.27 points on Wednesday in choppy trade, edging closer to a 21-year high supported by buying in defensive stocks, while Kobe Steel extended its losses after confirming a media report that it fabricated data in iron power products. The Australian shares rose on Wednesday, to close at their highest level in nearly two months, as buying in the big four banks helped to lift the index. The S&P/ASX 200 was up 33 points or 0.59% at 5,772.10 points at close.

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