EFE Securities •

6 years ago •

Market Commentary

Market Comment -20.12.2017

With just about four trading sessions to wind up the year, the Industrial Index has been on a gradual slide amidst profit taking. The Industrial Index dropped 1.40% to settle at 318.43pts, for the ninth consecutive session. The Index was mainly dragged down by heavies led by SeedCo which succumbed 12.50% to settle at $1.7500 while, Multi-listed Old Mutual reversed yesterday’s gains to settle at a vwap of $4.5461.Econet and BAT lost 1.79% and 1% to end pegged at $0.8600 and $35.7005 respectively. Top capitalised stock Delta was also seen in the faller’s zone with a 0.17% loss to close at $1.4975. Banking group Barclays lost 8.33% to trade lower at $0.055 on selling pressure. Retailer OKZIM was the sole riser of the day as it rose 5.26% to close at $0.2000.