EFE Securities •

3 years ago •

Market Commentary

Market Comment -20.01.2021

Dawn block trade highlights mid-week session… A block trade of circa 2.24bln shares worth $1.08bln in Dawn highlighted the mid-week session. The trade propelled both the volume and value aggregates higher as it claimed 99.39% of the former and 91.82% of the latter. Resultantly, total volumes traded in the session ballooned 11,102% to $2.25bln while, the turnover enhanced 1,045% to $1.17bln. Foreign participation remained depressed as purchases accounted for a mere 0.12% of the value outturn while, disposals added 3.18% of the same. The market stretched gains in mid-week session to see the mainstream All Share Index adding a further 2.90% to 2769.22pts while, the Industrials put on 2.87% to 9251. 79pts. The Minings were 4.67% higher at 3766.49pts with the Top Ten ticking up 1.81% to 1745pts. TSL and Getbucks were the session’s best performers after charging a similar 20% to see them closing at respective prices of $19.2000 and $0.1800. Simbisa followed on a 14.91% rise and closed at $12.1000 on firming demand while, retailer OKZIM added 10.09% to reach a high of $10.0000. Proplastics completed the top five winners of the day on a 9.95% increase to end at $11.0500. Topping the losers of the day was property concern Mash which slumped 11.12% to $0.8041 while, AFDIS lost 9.09% to $20.0000. Heavy cap CBZ found its way in the loser’s zone as it dropped 7.13% to $90.0000, where demand could be established. Ariston was 3.12% down at $1.2110 while, Dairibord eased 2.59% to $15.0006.