EFE Securities •

9 years ago •

Market Commentary

Market Comment 12.02.2015

The ZSE was pegged back for the second day running in Thursday trades, as earlier gains fail to hold. The main Industrial Index retreated 0.33% to 168.09pts despite the market having no breadth as declines and gains were evenly balanced at a count of five apiece. Beverages group Delta, the market’s top capitalised stock, swayed the direction of the market after it softened -0.86% to 115c. Hefty losses for the day were however seen in cement manufacturers Lafarge and cables manufacturers CAFCA that shed similar margins of 20% and closed the day at identical prices of 40c.