EFE Securities •

11 years ago •

Market Commentary

06.11.13 Marklet Commentary

The Industrials index receded 0.28% to 209.69pts as heavy caps lost value on subdued demand. 6 counters traded softer while 7 were firm. The losers, among them 3 heavy cap counters, namely Econet, OK and Natfoods, managed to outweigh the gainers thereby weighing on the bourse. Telecoms group Econet eased 1.59% to 62c on a relatively subdued volume of 0.1m shares. OK and Natfoods shed 3.85% and 0.41% to 25c and 240c respectively ahead of the later’s AGM where a proposed share buyback is due to be tabled for shareholders deliberation. The resources index gained 2% to close at 51.24pts on a improved bid of 6c in Falgold. However the segment recorded no trades