Mid cap counters anchor the market in Friday’s trades…
The market extended its rising streak in Friday’s session anchored by Mid Cap counters that dominated the top five risers list of the day. The All-Share Index advanced 4.03% to settle at 429,924.86pts while, the Mid Cap Index garnered 5.44% to settle at 1,506,962.42pts. The Agriculture Index charged 7.02% to 1,148.31pts as demand in selected counters continued to surge while, the Blue-Chip Index was 3.07% firmer at 193,020.96. the duo of SeedCo Limited and AFDIS headlined the gainers list of the day as they jumped 15.00% to see the former close at $2,281.9500 and the latter at $3,954.2500. Hotelier Rainbow Tourism Group closed at $225.6500, following a 14.98% ascent while, Meikles scaled up 14.80% to close at $5,216.9408. Apparel retailer Edgars edged up 14.73% to end pegged at a VWAP of $224.6548. Trading in the negative category was telecommunication group Econet that retreated 3.99% to close at $1,950.1483, where demand could be found while, packing group Nampak eased 0.08% to $378.9528. Proplastics lost a negligible 0.0033% to end trading at $1,494.9500 in a single trade that saw 67,900 shares exchange hands.
Activity aggregates faltered in the session as volumes traded declined 7.05% to 2.73m shares while, turnover was 65.21% lower at $3.72bn. Volume drivers of the day were OkZimbabwe, Star Africa, FBC and Nampak with respective contribution of 23.36%, 22.01%, 11.05% and 10.54%. The duo of Delta and FBC dominated in the turnover category as they claimed a combined 67.97% of the value traded. In the ETF category, a total of three funds registered price movement segregated into two risers and one faller. Datvest MCS and the Old Mutual Top Ten ETF inched up 8.06% and 0.56% respectively while, on the contrary, the Morgan & Co Multi Sector ETF faltered 2.39%. In the REIT category the Tigere was the only active fund in the session as it went up 6.60% to $501.0000.