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KSi Daily Report: Wednesday, 19 April 2017

There was positive movement in the indices on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was up by a mere 0.31 points or 0.01% at 4,853.70 points and similarly the Kina Securities Home Index KSHi rose 9.85 points or 0.09% to 11,060.60 points.

Bank South Pacific Ltd (BSP) gained by a toea, thus closing higher at K9.46.

Meanwhile, Kina Securities Ltd (KSL) and NGIP Agmark Ltd (NGP) were both evened out at K2.60 and 60toea flat respectively.

The day’s trading registered a volume of 9,570 units worth K21,011.10.

U.S shares finished lower after a batch of lackluster corporate earnings weighed on the broader market with the Dow Jones Industrial Average declined 113.64 points or 0.55% at 20,523.28 points. Japanese stocks were flat in choppy trading while regional banking stocks underperformed as Japanese government bond yields fell to five-month lows. The Nikkei share average added 13.61 points or 0.07% at 18,432.20 points. Australian stock market extended losses from the previous session, tracking negative cues overnight from Wall Street, lower commodity prices and lingering geopolitical tensions and political uncertainty in Europe. The S&P/ASX 200 benchmark index was down 22.90 points or 0.39% to 5,813.80 points.

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