EFE Securities •

7 years ago •

Market Commentary

Market Comment 26.04.2017

Firming demand in top capitalised stocks helped maintain an upward impetus on the ZSE. Econet with a significant weight in the index calculation was amongst today’s risers closing the session at $0.1800 after gaining a hefty 3.45%. Insurer Fidelity topped the gainers list with a 10% upsurge to settle at $0.1100 while, Simbisa added 0.28% to end at $0.1765 on resurgent demand. Multi-listed Old Mutual gained 0.27% to touch a high of 3.6400 with SeedCo completing the top five list after putting on 0.21% to close $0.9470. CFI was the only counter to trade in the Negative after plunging 9.25% to settle at $0.1275. Other heavies BAT and Delta traded unchanged at $15.3500 and $0.8625. The Mining Index was flat at 66.33pts with no trades in the subsector. Falgold, RioZim and Bindura ended the session with firm bids while, Hwange closed well offered as demand continues to wane in the stock.