VFEX buttresses prior session’s gains…
The VFEX market buttressed prior markets’ gains as the All
Share Index rose by 3.18% to 243.53pts. Leading the risers list
of the day was Econet InfraCo that edged up 12.01% to
$0.2947 while, Axia was 6.25% higher at $0.1395. Fast foods
producer Simbisa climbed 2.94% to close trading at a VWAP of
0.6905. Conglomerate Innscor was 2.30% up at $1.2966
despite waning demand in the counter. Kavango rose by 1.50%
to $0.0203. Partially weighing down the market was Caledonia
that continued to weaken as it eased 5.48% to $50.0000 while,
clothing retailer Edgars was 0.83% lower at $0.0238. Mining
exploration company Invictus dropped 0.07% to $0.1504
while, miner and crocodile farmer Padenga was 0.02% down
at $1.0998. African Sun that is preparing to delist from the
market late in the month fell by 0.02% to $5.1692.
Activity aggregates were mixed in the session as volume
traded declined by 35.35% to 822,025 shares while, turnover
increased by 140.25% to see $765,521.13 exchanged hands in
the session. Padenga highlighted the session as it contributed
68.64% of the volume traded and 81.07% of the turnover
traded. The other notable volume driver was Econet InfraCo
that contributed 16.41 of the total traded.
In the news, PGM miner Karo Mining Holdings has made
further progress in derisking its Karo Platinum project in
Zimbabwe, with open-pit surface clearing now underway as
the development advances toward first ore being milled in the
second half of 2027.