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KSi Daily Report: Wednesday, 19 July 2017

Both stock indices were unchanged amid thin trading on Wednesday’s POMSOX trading session. The Kina Securities main index KSi was maintained at 4,992.03 points and similarly the Kina Securities Home Index KSHi was steady at 11,156.28 points.

Credit Corporation Ltd (CCP) closed flat at K1.78 followed by Newcrest Mining Ltd (NCM) at K50.00.

The day’s trading recorded a light volume of 6,682 shares at K12,009.58.

U.S stocks ended mixed as reporting season ramped up with Nasdaq closing at new records after gains in technology stocks offset losses in telecom and energy shares. The Dow Jones Industrial ended 2.00 points 0.01% to 21,522.00 points. Australian stock market is advanced lifted by strong gains in financial stocks that more than offset weakness in materials and energy stocks. ASX/S&P 200 benchmark index was up 18.30 points or 0.32% to 5,705.70 points. Japanese stocks struggled for traction with buying in defensive stocks offsetting worries about impact of a stronger yen as the Nikkei share average was up 11.19 points or 0.06% to 20,011.10 points.

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