EFE Securities •

7 years ago •

Market Commentary

Market Comment 09.05.2017

The ZSE sustained its growth trajectory to close the day in the black. The mainstream Industrial Index notched a marginal 0.10% to 146.27pts on the back of solid demand in most selected stocks across the board. Overall participation slightly improved by 5 counters to 18 stocks while the number of risers doubled to eight from yesterday. Shakers were however minimized at four counters with the remaining seven counters faring stable. Star Africa and ZPI were the top risers surging an identical 10% gains to close at $0.0100 apiece. Afrisun rose 4.17% to $0.01250 while banking group NMB put on 2.41% to $0.0340. Heavies Delta and SeedCo were amongst the risers helping push the Index further after ticking up 0.57% and 0.48% to end the session at $0.8850 and $0.9521. Padenga sustained its bullish trek firming 0.24% to trade at $0.2110.