EFE Securities •

7 years ago •

Market Commentary

Market Comment 11.05.2017

A block trade in banking group CBZ highlighted a rather tepid Thursday session bringing a semblance of respectability to the day’s trading aggregates. A total of 10m shares exchanged hands in the financial services giant boosting volumes of the day by 313% on yesterday’s outcome as the group accounted for 98.52% of the aggregate. Buoyed by the CBZ volume, the market yielded $0.99m in spend and the banking group again emerged the top driver of the values with a 96.5% contribution to the total. Foreign play remained heavily subdued particularly on the demand side where a mere $2,737.96 were recorded as disposals came in at $954,492.86 to set a negative balance of payments for the day.