EFE Securities •

7 years ago •

Market Commentary

Market Coment 11.04.2017

The Industrial Index dropped further by 0.01% to settle at 140.06pts in Tuesday’s session as activity remains depressed, while the Mining Index was steady at 59.33pts with no trades. Value traded plunged 88.10% to a lowly 32,902 from 0.44m backed by local interest. The main stream Industrial Index was weighed down by losses in three counters namely NMB, Star Africa and PPC. Banking group NMB topped the fallers, after succumbing 6.85% to trade a scrappy parcel of shares at $0.0340, albeit closing firmly bid at $0.03650. Star Africa declined 4.76% to $0.0100 on waning demand while dually listed PPC completed the losers list with a 0.40% drop to end the session at $0.6300 where demand could be established. The risers and fallers were evenly distributed at three counters apiece, though the weighty losers maintained the Industrials in the red.