EFE Securities •

7 years ago •

Market Commentary

Market Comment 12.05.2017

Industrials reversed yesterday’s losses to post gains in week ending session despite a decline in trading activity. The mainstream Industrial Index garnered 0.12% to end at 146.80pts. Industrial gains were mainly driven by heavies Innscor and Delta which has experienced firming demand amongst other counters in recent sessions. FML led the list of risers with an 8.55% surge to settle at a vwap of $0.0762, having traded at an intra-day high of $0.0800. Conglomerate Innscor rose 0.52% to $0.4825 on the back of sustained demand while, CFI which added 0.40% to $0.1260 followed. Beverages stock Delta completed the risers set with a 0.28% lift to $0.8875. BAT, Econet and SeedCo recorded no trades and closed firmly bid at $0.1550, $0.2005 and $0.9525 respectively. The Mining Index ended the session unchanged at 70.22pts with no trades in the resources sector.