KSi Daily Report: Wednesday, 21 June 2017

Wednesday’s POMSOX trading was unchanged for a second consecutive session as both stock indices were maintained. The Kina Securities main index KSi was steady at 4,878.26 points and similarly the Kina Securities Home Index KSHi was unmoved at 11,057.97 points.

Banking and financial stock Bank South Pacific Ltd (BSP) was the only stock traded, closing flat at K9.51 with a traded volume of 327 shares worth K3,109.77.

U.S markets closed lower with losses in energy, consumer discretionary and industrial shares weighing on the market as the DJIA declined 61.85 points or 0.29% to 21,467.14 points. Japanese stocks edged down after a slightly stronger yen, while mining stocks underperformed on the back of weaker oil prices. The Nikkei share average fell 85.54 points or 0.42% to 20,144.87 points. The Australian stock market was notably lower tracking weak cues overnight from Wall Street as crude oil prices plunged into bear territory including weak earnings outlook from local companies. Benchmark index S&P/ASX 200 was down 74.20 points or 1.29% to 5,683.10 points.

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