EFE Securities •

6 years ago •

Market Commentary

Market Comment -15.12.2017

The Industrial Index has been on a gradual slide, amidst profit taking on most stocks across the bourse. For the past six consecutive sessions trading session, the mainstream Index dropped 2.24% cumulatively to close at 328.44pts in today’s session. In today’s trades the index eased 0.20% to 146.12pts dragged by the trio of OKZIM, Innscor and Delta. Retailer OKZIM topped the list with a 4.81% slump to settle at $0.1900 as demand continues to wane in the stock. Innscor trailed after sliding 4.59% to end pegged at $1.0018 . The beverages group Delta closed 0.61% weaker in today’s session to settle at $1.5000, as circa 0.2m shares exchanged hands, closing with a spread of $1.5000 and $0.7500. Mitigating losses for the were gains led by Conglomerate Meikles which surged 14.29% to $0.3200, NMB following with a 4.44% to $0.09400 while, Padenga added 3.87% to $0.5500. FML traded 2.78% higher at $0.1850, closing firmly bid at that level. Econet completed the top five risers, reversing its previous gains to close at $0.9861.