EFE Securities •

7 years ago •

Market Commentary

Market Comment 10.05.2017

The Industrials extended gains in mid-week trades, its fifth straight gain as demand continue to firm in most selected heavies. The industrial index was 0.30% firmer at 146.71pts extending its YTD gain with 1.51% while, the Mining Index ended unchanged at 70.22pts maintaining its YTD gain at 20.01%. Trading activity dropped marginally from prior level as the value outturn declined 68.27% to $0.16m while, volumes exchanged fell 25.09% to 2.45m shares. Dawn was the top volume contributor of the day claiming 63.58% of the aggregate while, AFDIS drove the value outturn with 62.27% of the total. Foreign participation remains subdued as inflows accounted for a mere 1.24% of the turnover while, outflows added 18.96% of the same.