KSi Daily Report: Wednesday, 28 June 2017

Wednesday’s POMSOX session saw both stock indices headed in opposite directions amid trading. The Kina Securities main index KSi slipped 47.42 points or 0.97% to 4,831.17 points while the Kina Securities Home Index KSHi gained 29.36 points or 0.27% to 11,097.18 points.

Two stocks gained versus another stock that fell.

Bank South Pacific Ltd (BSP) led the winners which closed 2toea higher, ending at K9.54. Agmark NGIP Ltd (NGP) also edged up by 10toea to 70toea at the close. Followed closely by BSP Unsecured Notes (BSPHA) at K25,600, up by K100.00.

On the downside, Oil Search Ltd (OSH) slipped 45toea lower to K17.55.

Credit Corporation Ltd (CCP) was the only other stock traded flat at K1.78.

The day’s trading transacted a volume of 39,752 units at a monetary value of K1,527,032.99.

U.S shares slipped after technology shares continued to retreat while a delay on a vote on healthcare vote delayed. The Dow Jones Industrial Average fell 10.00 points or 0.05% to 21,281.00 points. Japanese stocks were dragged down by falls in their U.S counterparts while financials rallied on the back of rising U.S yields. The Nikkei share average shed 85.97 points or 0.43% to 20,139.12 points. The Australian share market closed on the red on the back of mixed results at the S&P/ASX 200 fell 6.00 points or 0.10% to 5,714.20 points.

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