EFE Securities •

7 years ago •

Weekly Reports

Weekly 05.05.2017

The ZSE rallied into the month of May as demand continued to sour on the bourse amidst constrained supply. Demand for shares has been growing evident in the generally well bid nature exhibited across the board while, offers remain rather tepid. Propping up the demand has been the resurgent local investor appetite that has been spurred by the cash crises as investors seek exposure to investments with potential to ride out the emergent inflationary pressures. Buoyed by the firm demand the benchmark Industrial Index put on 1.61% for the week and ended at 145.26pts and in the process closed in the black for the first time since the beginning of the year as its year to date return climbed to 0.51%. Similarly, the Mining Index was in ascendancy, gaining 5.86% for the week and ending at 70.22pts, while its year to date return ballooned to 20.01%, spurred by the surging RIOZIM.