EFE Securities •

6 years ago •

Market Commentary

Market Comment -29.12.2017

The market ended the final session of 2017 in the black as the mainstream Industrial Index jumped 3.40% to settle at 332.65pts. Nine risers were registered against two fallers, while four held their ground, to leave the market with a positive breadth of seven. Gains obtained in heavies Old Mutual, Delta and Econet mainly helped pushed the Index northwards as the trio ticked up 17.99%, 9.11% and 4.55% to close at $5.5206, $1.6000 and $0.9500 in that order. African Sun was the top riser of the day as it surged 20% to settle at $4.8000 while Dairibord trailed with a 19.64% rise to end at $0.1340. Simbisa added 11.90% to $0.4700 as 10,000 shares exchanged hands. The Mining Index traded unchanged at 142.42pts with activity only seen in Bindura which traded at $0.0552, as Falgold, RioZim and Hwange closed the final session with no activity.