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KSi Daily Report: Wednesday, 28 May 2014

Wednesday’s trading session was quiet as both Kina Securities Indices remained unchanged. The main Index, KSi, and the Home Index, KSHi, remained at 3,671.32 and 8,082.74 points respectively.

Today registered 6 trades on POMSoX.

A junior cap miner Marengo Mining Ltd (MMC) ended at 11 toea. Meanwhile, leading financial institutions Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) maintained at K2.70 and K7.70 respectively.

Total units done were 54,327 at a value of K46,127.10.

In overnight trading, U.S stocks closed higher on Tuesday with solid gains on economic data and corporate acquisition news, to a record close for the second straight session. The Dow Jones Industrial Average climbed 69.23 points or 0.42% at 16,675.50 points. Asian markets ended broadly higher on brightening U.S. economic prospects. Japan’s Nikkei share average added 34 points or 0.24% to end at 14,671 points. In Australia, the share market ended higher following gains on Wall Street. The benchmark S&P/ASX 200 rose 15.50 points or 0.28% to end 5527.25 points today.

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