KSi Daily Report: Wednesday, 21 September 2016

Wednesday’s POMSOX trading session was rather quiet for a third consecutive session as both Kina Securities Stock indices were unchanged. The Kina Securities main index or KSi was steady at 4,782.52 points and similarly the Kina Securities Home Index, KSHi was maintained at 10,571.91 points.

Financial stock Credit Corporation Ltd (CCP) was the only stock traded unchanged today. The stock closed unmoved at K1.81 registering a total of 20,000 shares at a monetary value of K33,600.00.

U.S stocks closed higher ahead of outcomes of meetings from the Feds and BOJ as oil prices ticked higher. The Dow Jones Industrial Average rose 9.79 points to close at 18,129.96 points. Japanese stocks rallied in volatile trade after the BOJ’s decision to modify policy framework and was up more than 1 percent. The Nikkei was gained 315.47 points or 1.91% to 16,807.62 points. The share market has slightly after a strong start, ahead of two key central bank meetings. The benchmark S&P/ASX 200 index was up gaining 10.3 points or 0.19% at 5,313.9 points.

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