EFE Securities •

7 years ago •

Market Commentary

Market Comment -01.06.2017

The ZSE charge continued into the new month as the Industrial Index firmed with a hefty 1.50% gains to 164.77pts as the bullish sentiment prevails. Today’s gains saw the main Indicator registering a 14th consecutive upward movement on the bourse. Driving the market up were gains in six counters with no fallers for the day, to leave the market setting a positive breadth of six. Insurer FML led with a 14.14% lift to close at a vwap of $0.0799. OKZIM followed after putting on 7.14% to settle at $0.07500. Top capitalised stocks Econet, SeedCo and Delta were amongst the gainers anchoring the Index’s northwards trajectory after putting on 3.38%, 2.85% and 2.62% to see their shares being exchanged at $0.3153, $1.0100 and $0.9800 in that order. Conglomerate Meikles which is trading under cautionary completed the gainers of the day with a 2.38% rise to touch a year high of $0.2150 as demand persists on the stock. The Mining Index closed flat at 69.63pts with no activity in the resources sector.