Date: Wednesday, 29th June 2016    |   Price Sheet  |  Market Commentary

 

GAINS   LOSSES  
Counter Price   Δ USc % Δ % Δ YTD
STAR AFRICA 0.85 0.05 6.25% 41.67%
DELTA 62.52 3.02 5.08% -11.32%
ECONET 21.05 0.05 0.24% -0.19%
Counter Price   Δ USc % Δ % Δ YTD
BARCLAYS 1.50 -0.20 -11.76% -64.71%
ZPI 0.86 -0.01 -1.15% -9.47%

 

INDUSTRIAL INDEX
98.81
 1.29%
MINING INDEX
26.27
 0.00%
Market Commentary

Industrials strengthen despite subdued activity…

The Industrials continued to strengthen in a relatively quiet session with a trading pattern of 4 risers, 2 losers and 2 unchanged. The mainstream Industrial Index gained 1.29% to 98.81pts with Delta driving the market with a hefty 5.08% surge to close at a vwap of $0.6252 on constricted supply. Sugar manufacturer Star Africa topped the risers with 6.25% uplift to settle at $0.0085 as 0.28m shares exchanged hands. Econet was amongst the gainers of the day after putting on a marginal 0.24% and ended pegged at $0.2105 on paltry shares. Today’s losers included the banking group Barclays that succumbed 11.76% to touch a low price of $0.0150 closing well offered at that level. Barclays has been under selling pressure following announced plans by Barclays PLC to sell out of Barclays Bank of Zimbabwe. Property stock ZPI also joined the faller’s zone after dropping 1.15% to $0.0086 closing net sellers at that level.

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Counter Price   Δ USc % Δ % Δ YTD
STAR AFRICA 0.85 0.05 6.25% 41.67%
DELTA 62.52 3.02 5.08% -11.32%
ECONET 21.05 0.05 0.24% -0.19%
Counter Price   Δ USc % Δ % Δ YTD
BARCLAYS 1.50 -0.20 -11.76% -64.71%
ZPI 0.86 -0.01 -1.15% -9.47%
Market Commentary

Industrials strengthen despite subdued activity…

The Industrials continued to strengthen in a relatively quiet session with a trading pattern of 4 risers, 2 losers and 2 unchanged. The mainstream Industrial Index gained 1.29% to 98.81pts with Delta driving the market with a hefty 5.08% surge to close at a vwap of $0.6252 on constricted supply. Sugar manufacturer Star Africa topped the risers with 6.25% uplift to settle at $0.0085 as 0.28m shares exchanged hands. Econet was amongst the gainers of the day after putting on a marginal 0.24% and ended pegged at $0.2105 on paltry shares. Today’s losers included the banking group Barclays that succumbed 11.76% to touch a low price of $0.0150 closing well offered at that level. Barclays has been under selling pressure following announced plans by Barclays PLC to sell out of Barclays Bank of Zimbabwe. Property stock ZPI also joined the faller’s zone after dropping 1.15% to $0.0086 closing net sellers at that level.

more]

Market Comment -03.06.2016
The mainstream Industrial Index was flat in Friday’s trades which saw three risers dominating against one faller to leave a positive market breadth...

Market Comment -02.06.2016
The mainstream Industrial Index slid further by the close of session on Thursday paring 0.42% to 104.30pts. The weakness in the Index was triggered...

Market Comment -01.06.2016
The ZSE commenced the month on an uninspiring note posting a marginal 0.04% gain to 104.74pts in subdued trades....

Market Comment -31.05.2016
The ZSE Industrial Index capped the final session of the month on the back foot after a marginal 0.08% decline to 104.70pts though market aggregates...

Market Comment -30.05.2016
The market opened the new week in the black on resurgent demand in selected stocks. Activity was much improved in Monday trades with the value of...


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