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KSi Daily Report: Wednesday, 06 September 2017

Both Kina Securities Indices remained unchanged amid quiet trading on POMSOX on Wednesday. The main index or KSi was steady at 4,986.55 points while the home index or KSHi remained at 11,104.30 points at the close.

The was only one stock that traded for the session and remained flat.

The leading financial institution, Bank South Pacific (BSP) traded at K9.60 with 1,000 units traded worth K9,600.00.

In overseas news, US Stock-index benchmarks closed sharply lower in overnight as fears over North Korea and worries about a lack of policy progress in Washington stoked a flight to assets perceived as safe and out of stocks. while the Dow Jones Industrial Average fell 234.25 points, or 0.71%, to 21,753.31 points. Japan’s Nikkei share average fell to its lowest in more than four months on Wednesday, slipping below a key technical support as risk appetite was sapped by North Korea tensions and the strengthening yen. The Nikkei was down 27.84 points or 0.14% to 19,357.97 points at close. The ASX ends in the red after GDP figures failed to live up to expectations and banks were once again the biggest drag on benchmark performance. The S&P/ASX 200 index ended the day down 16.50 points or 0.29% at 5,689.70 points.

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