EFE Securities •

7 years ago •

Market Commentary

Market Coment 30.03.2017

The ZSE industrials stumbled in Thursday trades, breaking the ongoing week’s rising momentum after the benchmark shed a marginal 0.02% to 138.75pts while, its less active resources counterpart was stable at 59.63pts. The market movement comes in the wake of a fairly slow trading session which saw thirteen actives out of a possible sixty nine. A total of thirty nine trades were registered and yielded $0.32m in spend having shed 79.7% on yesterday’s outcome. Volumes of the day were similarly depressed shedding 92.2% on yesterday as they closed the session at 773,817 shares. Delta was the market’s most liquid stock after shoring 37% of the day’s aggregate spend while, Econet drove the volume aggregate with a 45% contribution to the total. Foreign play was heavily subdued with inflows at $4,401 being down 87% while, outflows at $14763 shed 98% on previous day outcome.