There are no posts
Industrials in the black as bulls dominate…
Block trades in crocodile skin producer Padenga highlighted the session as 2.76m shares exchanged hands in the counter. The stock anchored the value and volume aggregates of the day claiming 35.22% and 32.37% respectively. Volumes received a flattering 6.46% uplift to 7.83m shares with values rising 174.05% to $7.67m. Other notable trades of the day were seen in top capitalised stocks Simbisa and Innscor which contributed a combined 30.63% of the volume outturn. Foreign participation dominated on both the sell side and the buy side after improving 3595.54% on yesterday and 498.93% on the sell side. The bullish session saw the risers at fourteen and fallers stood at two amongst the sixteen active stocks resulting in a positive market breadth of twelve.
Resultantly, the Industrial Index edged higher to ... [more]
Every once in a while, the market does something so stupid it takes your breath away.