Date: Wednesday, 1st March 2017    |   Price Sheet  |  Market Commentary

 

GAINS   LOSSES  
Counter Price   Δ USc % Δ % Δ YTD
CBZ 10.50 0.00 0.00% 0.00%
Counter Price   Δ USc % Δ % Δ YTD
ECONET 14.00 -0.96 -6.42% -53.33%
OLD MUTUAL 345.00 -5.00 -1.43% -1.21%

 

INDUSTRIAL INDEX
134.83
 -0.31%
MINING INDEX
60.89
 0.00%
Market Commentary

ZSE slumps on Delta losses…

The Industrial Index receded 0.93% to 138.09pts as Beverages stock Delta continues to lose value on subdued demand, three counters traded softer today with no gainers recoded in the session. The losers had amongst them two mid cap stocks and one heavy cap. Banking group Barclays headlined the fallers list with an 8% plunge to trade lowly at $0.0230 on waning demand. Delta followed with a hefty loss of 2.84% to as its shares exchanged at a vwap of $0.8291 closing with a spread of $0.8100-$0.8300. Pearl completed the fallers set after dropping 1.73% to settle at $0.0340. Econet recorded no trades in the session for the second day running after trading ex rights opened, and in today’s call ended quoted $0.1605-$0.2000. Other heavies BAT, Old Mutual and Innscor traded unchanged at $15.000, ... [more]

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Counter Price   Δ USc % Δ % Δ YTD
CBZ 10.50 0.00 0.00% 0.00%
Counter Price   Δ USc % Δ % Δ YTD
ECONET 14.00 -0.96 -6.42% -53.33%
OLD MUTUAL 345.00 -5.00 -1.43% -1.21%
Market Commentary

ZSE slumps on Delta losses…

The Industrial Index receded 0.93% to 138.09pts as Beverages stock Delta continues to lose value on subdued demand, three counters traded softer today with no gainers recoded in the session. The losers had amongst them two mid cap stocks and one heavy cap. Banking group Barclays headlined the fallers list with an 8% plunge to trade lowly at $0.0230 on waning demand. Delta followed with a hefty loss of 2.84% to as its shares exchanged at a vwap of $0.8291 closing with a spread of $0.8100-$0.8300. Pearl completed the fallers set after dropping 1.73% to settle at $0.0340. Econet recorded no trades in the session for the second day running after trading ex rights opened, and in today’s call ended quoted $0.1605-$0.2000. Other heavies BAT, Old Mutual and Innscor traded unchanged at $15.000, ... [more]

Weekly-28.10.16
The market was little changed for the week as the benchmark Industrial Index saw its recent rally suffer a dent in the form of a marginal 0.01% slump...

Market Comment -04.11.2016
The ZSE closed in the black in Friday trades after the mainstream Industrial Index notched 0.06% to 120.34pts on the back of gains in heavy cap Delta...

Weekly-04.11.16
The market was in a second week of marginal losses on the back of mixed financials from reporting companies along with the gazetting of a...

Market Comment -03.11.2016
A block trade in financial services group Getbucks highlighted Thursday trades to drive the day’s activity aggregates. The block of circa 28m shares,...

Market Comment -02.11.2016
Telecom giant Econet reversed gains accrued in the past two consecutive sessions, pulling down the Industrial Index in mid-week trades....


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