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KSi Daily Report: Wednesday, 28 September 2016

POMSOX trading session on Wednesday ended with both Kina Securities stock indices gaining attributed by a financial home-listed stock. The Kina Securities main index KSi collected 0.84 points or 0.02% at 4,764.69 points. Likewise, the Kina Securities Home Index or KSHi rose 26.65 points or 0.25% to 10,647.82 points.

One stock rose compared to another that remained on today’s session.

Credit Corporation Ltd (CCP) was the sole winner for the day, gaining 4toea to close high at K1.85.

Junior cap explorer Highlands Pacific Ltd (HIG) was unmoved as the stock maintained at 18toea flat.

Total shares recorded were 67,527 units at a monetary value of K19,479.48.

In markets abroad, U.S stocks rebounded following two sessions of losses on a combination of robust economic data as the Dow Jones Industrial Average gained 133 points or 0.7% to finish at 18,227 points. Japan’s Nikkei share average fell, pressured by the yen’s recent strength as well as ex-dividend share price adjustments as the Nikkei benchmark slumped 218.53 points or 1.31% to 16,465.40 points. The Australian share market was higher due to financial and consumer staple companies. The benchmark S&P/ASX 200 index was up 26.8 points at 5,432.70 points.

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