KSi Daily Report: Wednesday, 18 March 2015

Both Kina Securities indices remained unchanged Wednesday amid an active trading session. The Kina Securities main index KSi was steady at 3,647.75 points and likewise the home index KSHi remained at 9,744.14 points.

Financials Bank South Pacific Ltd (BSP) and Credit Corporation Ltd (CCP) closed at K7.35 and K2.60 flat respectively, supported by their ongoing buyback programs. Cum retail stock City Pharmacy Ltd (CPL) registered trades at K1.39 even.

Total shares recorded a combined volume of 11,322 units at a share worth of K28,092.78.

In New York, U.S stocks closed broadly lower in overnight trading session as Feds were meeting this week and weak housing data. The Dow Jones Industrial Average slipped 128.34 points or 0.71% to 17,849.08 points. Japan’s Nikkei share average was little changed with investors reluctant to make bets before Federal Reserve’s policy decision as the Nikkei share average added 91 points or 0.47% to 19,528.01 points. Australian share market finished flat as wary investors wait for a key interest rate announcement by the US Federal Reserve. The S&P/ASX 200 benchmark index closed by 0.18 points to 5,842.30 points.

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