EFE Securities •

6 years ago •

Market Commentary

Market Comment -04.12.2017

The ZSE Industrial Index declined by a further 2.15% to settle at 365.93pts on weakening demand across the board. The session recorded four losers against a nil count on the gainer’s position, leaving the market with a negative market breadth. Simbisa emerged the top loser for the day after succumbing 12.37% and settling at $0.4200. Top capitalised stock Delta mainly dragged the Index with its hefty 7.73% plunge to end the session at $1.8014 on resurgent selling pressure. OK was amongst the fallers list as it reversed its prior gains by 0.18% and closed at $0.2185. Old Mutual completed the top losers set for the day after declining 0.22% to $5.9786 closing with a spread of $4.800-$5.9000. The Mining index remained constant at 12.86pts with no activity in the resources sector, Bindura closed with a bid at $0.0412 while, Fgold, Riozim and Hwange ended the session with no quotes.