EFE Securities •

7 years ago •

Market Commentary

Market Commentary 21.04.2017

The Industrial Index sustained its bullish trend into the week ending session closing 0.16% firmer having added 0.23pts on the prior session to 141.50pts. Likewise, the Mining Index was not to be outdone as it soared 10.21% or 6.13pts and closed at 66.25pts. The market’s bullish perspective was underlined by the total absence of fallers for the day against fiver gainers that anchored the gains in the benchmarks. Leading the market charge was mining House Rio that surged 18.79% and closed at $0.4989 while, TSL put on 6.28% and touched $0.2200. CFI was 0.79% firmer at $0.1275 while, Old Mutual added 0.42% to a high of $3.625. Econet completed the risers set with a 0.29% climb that took it to $0.1745 in the wake of the announcement of its rights offer results where a 74.6% subscription was attained.