Date: Wednesday, 24th August 2016    |   Price Sheet  |  Market Commentary

 

GAINS   LOSSES  
Counter Price   Δ USc % Δ % Δ YTD
SEEDCO 57.00 0.00 0.00% -31.94%
DZLH 4.50 0.00 0.00% -30.77%
ECONET 19.90 0.00 0.00% -5.64%
NATFOODS 204.75 0.00 0.00% -21.90%
Counter Price   Δ USc % Δ % Δ YTD

 

INDUSTRIAL INDEX
99.59
 0.00%
MINING INDEX
26.35
 0.00%
Market Commentary

Industrials maintain uptick in Tuesday’s trades…

The Industrials continued with its northwards charge in Tuesday trades lifted by firming demand in Old Mutual despite the low activity prevailing on the board. The Multi-listed group which has been rallying from the past sessions since last month touched a year high of $2.5084 after firming 0.34% in today’s session. Banking group Barclays topped the risers of the day with a 5.88% upsurge to end the session at $0.0180. Other gains were seen in conglomerate Meikles which rose 0.27% to close at $0.0734 on firming demand. Buoyed by gains in the trio, the main indicator surged 0.10% and closed at 99.95pts (This is just 0.05pts below the psychological 100pts mark). Tyre manufacturer NTS was a notable decliner for the day after succumbing 17.65% to close at $0.014 in a rare trade having last traded on 8 March. Telecom giant Econet was in a negligible loss of 0.01% that left its price stable at $0.1995.

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Counter Price   Δ USc % Δ % Δ YTD
SEEDCO 57.00 0.00 0.00% -31.94%
DZLH 4.50 0.00 0.00% -30.77%
ECONET 19.90 0.00 0.00% -5.64%
NATFOODS 204.75 0.00 0.00% -21.90%
Counter Price   Δ USc % Δ % Δ YTD
Market Commentary

Industrials maintain uptick in Tuesday’s trades…

The Industrials continued with its northwards charge in Tuesday trades lifted by firming demand in Old Mutual despite the low activity prevailing on the board. The Multi-listed group which has been rallying from the past sessions since last month touched a year high of $2.5084 after firming 0.34% in today’s session. Banking group Barclays topped the risers of the day with a 5.88% upsurge to end the session at $0.0180. Other gains were seen in conglomerate Meikles which rose 0.27% to close at $0.0734 on firming demand. Buoyed by gains in the trio, the main indicator surged 0.10% and closed at 99.95pts (This is just 0.05pts below the psychological 100pts mark). Tyre manufacturer NTS was a notable decliner for the day after succumbing 17.65% to close at $0.014 in a rare trade having last traded on 8 March. Telecom giant Econet was in a negligible loss of 0.01% that left its price stable at $0.1995.

more]

Market Comment -23.08.2016
The Industrials continued with its northwards charge in Tuesday trades lifted by firming demand in Old Mutual despite the low activity prevailing on...

Market Comment -22.08.2016
The market ticked up in a dull week-opener with the benchmark Industrial Index putting on 0.02% to 99.85pts while, the Mining Index succumbed 0.11%...

Weekly-19.08.16
It was a third successive week on week rise for the market in the month of August 2016 despite thinning trades across the board as interest in the...

Market Comment -19.08.2016
The Industrial Index slowed down in week ending trades easing 0.02% to 99.83pts and capped a week of swinging...

Market Comment -18.08.2016
The ZSE Industrial Index closed in a marginal 0.24% gain to 99.85pts in Thursday trades that saw a fairly bullish trend as four stocks rose against...


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