Date: Tuesday, 24th May 2016    |   Price Sheet  |  Market Commentary

 

GAINS   LOSSES  
Counter Price   Δ USc % Δ % Δ YTD
BINDURA 1.20 0.10 9.09% -21.57%
PROPLASTICS 3.00 0.20 7.14% 36.36%
RIO ZIM 15.65 0.66 4.40% 50.48%
Counter Price   Δ USc % Δ % Δ YTD
DELTA 72.50 -2.50 -3.33% 2.84%
HIPPO 20.00 -0.25 -1.23% -45.95%

 

INDUSTRIAL INDEX
105.80
 -1.08%
MINING INDEX
25.19
 5.44%
Market Commentary

Heavies continue to weigh down the Industrials…

The Industrial Index continued to tumble in week opening trades closing in the red as heavies fall continues unabated. Amongst the bears, 6 were top capitalized stocks which lost value with demand continuing to weaken on the bourse. Leading the heavies’ declines was Innscor that came off a weighty 6.38% to $0.2200 with Econet trailing on a 1.71% drop to close at a vwap of $0.2162 ahead of its final results which are expected anytime now. Delta and SeedCo plunged 0.92% and 0.25% to settle at $0.7183 and $0.5700 in that order as selling pressure persists in the stocks. FBC was another stock to trade in the negative, shedding 1.49% to settle at $0.0660. Resultantly, the mainstream Industrial Index trimmed further by a marginal 0.66% to 105.10pts. Offsetting the day’s losses were gains in Meikles that rallied 11.43% to $0.078 while, Fidelity added 0.97% to settle at $0.10400. Completing... [more]

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Counter Price   Δ USc % Δ % Δ YTD
BINDURA 1.20 0.10 9.09% -21.57%
PROPLASTICS 3.00 0.20 7.14% 36.36%
RIO ZIM 15.65 0.66 4.40% 50.48%
Counter Price   Δ USc % Δ % Δ YTD
DELTA 72.50 -2.50 -3.33% 2.84%
HIPPO 20.00 -0.25 -1.23% -45.95%
Market Commentary

Heavies continue to weigh down the Industrials…

The Industrial Index continued to tumble in week opening trades closing in the red as heavies fall continues unabated. Amongst the bears, 6 were top capitalized stocks which lost value with demand continuing to weaken on the bourse. Leading the heavies’ declines was Innscor that came off a weighty 6.38% to $0.2200 with Econet trailing on a 1.71% drop to close at a vwap of $0.2162 ahead of its final results which are expected anytime now. Delta and SeedCo plunged 0.92% and 0.25% to settle at $0.7183 and $0.5700 in that order as selling pressure persists in the stocks. FBC was another stock to trade in the negative, shedding 1.49% to settle at $0.0660. Resultantly, the mainstream Industrial Index trimmed further by a marginal 0.66% to 105.10pts. Offsetting the day’s losses were gains in Meikles that rallied 11.43% to $0.078 while, Fidelity added 0.97% to settle at $0.10400. Completing... [more]

Market Comment -20.05.2016
Brewer Delta reversed yesterday’s gains swaying the Industrial Index into the red in week ending trades, resulting in the index widening its YTD loss...

Weekly-20.05.16
The raging debate on the proposed introduction of bond notes by the central bank ostensibly to alleviate the cash shortages in the economy held sway...

Market Comment -19.05.2016
Block trades in the market’s top capitalized stock, Delta, highlighted Thursday trades to see the group take up $2.45m which was 88.04% of the value...

Market Comment -18.05.2016
Market heavies, Delta and Econet, weighed on the benchmark Industrial Index in mid-week trades as demand...

Market Comment -17.05.2016
The market’s second listing this year, Axia Corporation Limited (Axia), took its bow on the ZSE in Tuesday trades at $0.0749 exchanging 51,134 shares...


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