EFE Securities •

6 years ago •

Market Commentary

Market Comment -09.01.2018

The Industrial and All share Index closed in a marginal 0.18% and 0.16% gains to 325.46pts and 97.56pts in Tuesday’s trades, despite a negative market breadth as fallers dominated by a count of two. Leading the risers pack was TSL which recovered 18.92% to $0.4400 while, Cafca ticked up16.67% to end at $0.3500 on a rare trade. Retailer OKZim added 2.78% to settle at $0.1700, closing net buyers on resurgent demand. Meikles trailed with a 0.51% lift to $0.2985 as demand persists in the stock. Weighing on the Index were losses seen in six counters, led by ZPI which succumbed 16.67% to $0.0200, with Afsun following after plunging 6.25% to $0.0450. Conglomerate Innscor traded 1% lower at $0.9900, while Padenga dropped 0.27% to $0.5485 on waning demand. The ZSE top 10 Index lost 0.09% to 97.62pts, weighed down by Delta which trimmed 0.01% to end pegged at $1.5525.