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KSi Daily Report: Tuesday, 24 October 2017

Tuesday’s POMSOX trading session closed on the red as both stock indices. The Kina Securities main index KSi slid 15.36 points or 0.29% to close at 5,275.66 points and likewise the Kina Securities Home Index KSHi was down 8.88 points or 0.08% to end at 10,988.42 points.

One stock gained versus another that gained.

Portfolio management stock Kina Asset Management was the sole winner for the day, adding a toea to finish higher at 95toea.

Bank South Pacific Ltd (BSP) attributed to the negative movement of the indices. The stock slipped a toea lower ending at K9.45.

The day’s session transacted a total of 7, 872 shares valued at K35, 672.90.

U.S market finished lower breaking a six-day winning streak as investors sifted through numerous earnings reports. The Dow Jones Industrial Average slipped 54.67 points or 0.23% to end lower at 23,273.96 points. Japan’s Nikkei share average edged up in choppy trade on track for a record 16-day winning streak. The Nikkei rose 45.44 points or 0.21% to 21,742.09 points. The Australian stock market edged higher in subdued trading after opening lower following the weak lead overnight from Wall Street. The benchmark S&P/ASX 200 added 1.90 points or % to 5,895.90 points.

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