EFE Securities •

7 years ago •

Market Commentary

Market Comment -12.07.2017

The ZSE rebounded in mid-week session as the Industrial index posted a marginal 0.17% rise to 198.25pts while, the Mining Index remained unchanged at 69.98pts. Masimba was the top gainer of the day ballooning 27.45% to settle at $0.0520, trailed by African Sun which surged 11.80% to end at $0.0180 closing with a firm bid at that level. Hippo added 1.85% to end at $0.8250, as Econet and Dairibord registered marginal gains of 0.41% and 0.14% to close higher at $0.3665 and $0.0700 respectively. Four counters ended the trading session in the red, with Ariston Holdings leading the pack after slumping 20.00% to settle at $0.0080. Nickel miner Bindura fell 3.33% to end the session at $0.0290 on waning demand. SeedCo shed 2.41% to settle at $1.3663 and Padenga declined 0.37% to end the session at $0.2715.