EFE Securities •

7 years ago •

Market Commentary

Market Coment 13.04.2017

The Industrials extended gains for the second successive session closing a holiday shortened week in the black. The mainstream Industrial Index added 0.40% to 140.92pts whilst the Minings ended stable at 60.12pts. Four stocks out of fourteen active stock recorded gains with a single faller for the day while, nine traded at previous levels. Hippo led the risers of the day with a 12.24% upsurge to settle at $0.4400 with the banking group FBC following after ticking up 5.67%to settle at $0.0858 on firming demand. Retailers Edgars reversed previous losses after adding 5.13%to $0.410, though it closed net sellers at that level. Heavy cap Econet completed the risers set with a 1.46% lift to see its shares being swapped at an vwap of $0.1741, having traded at an intra-day high of $0.1800 as demand persists in the stock. CBZ was the sole faller of the day after easing 0.20% to end pegged at $0.0996, closing well offered at that level. Heavy caps Delta and SeedCo were amongst the counters that traded unchanged at $0.8650 and $0.9450 respectively