EFE Securities •

7 years ago •

Market Commentary

Market Coment 20.04.2017

Firming demand in selected stocks saw the market posting a fourth consecutive gain in Thursday trades. The main stream Industrial Index added 0.12% in today’ trades and closed at 141.09 pts as the year to date losses narrowed to -2.26%. Lack of activity in the mining’s cluster resulted in the Mining Index closing stable at 60.12pts. For the mining stocks today no trades were recorded in the cluster as Bindura and Hwange ended well offered at $0.0300 and $0.02400 while, Fgold and RioZim closed firmly bid at $0.0100 and $0.4310. The bourse ended with a positive breadth of two counters as six gained against four fallers. Banking group ZB topped with a 15.45% surge to settle at $0.1270 with Padenga trailing after ticking up 2.14% to touch an all-time high of $0.1905. Banking groups Barclays and FBC rose 0.13% and 0.47% to $0.0365 and $0.0862 apiece. Heavies Old Mutual and Innscor completed the risers set with respective gains of 0.12% and 0.11% to end pegged at $3.6095 and $0.4515. Fallers for the day were seen in the quartet of FML, Edgars, Colcom and Econet which traded lower at $0.0676, $0.0400, $0.3700 and $0.1740 in that order.