EFE Securities •

7 years ago •

Market Commentary

Market Comment 03.05.2017

A block trade in short-term Insurers Nicoz Diamond highlighted mid-week trades, as a circa 46m shares, representing 8% of the minority offer, exchanged hands. Riding on the aforementioned block trades, the activity aggregates surged in mid-week trades with volumes of the day ballooning 1129% to 48.38m shares while, values swelled 220% to $1.72m. The other notable value contributor of the day was BAT which claimed 17.11% of the aggregate. Local demand remained dominant as a mere $27,149 worth of foreign inflows were recorded while, on the disposals side, external players recorded $17,645 which accounted for 1.5% and 1.02% of the day’s turnover. The Mining Index was flat at 70.22pts with activity only seen in Bindura which traded unchanged at $0.0300, closing well offered at that level. RioZim and Falgold closed firmly bid at $0.5500 and $0.0100 while, Hwange ended the session net sellers at $0.0240 on waning demand.