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The market extended gains in the week ending session to see all the indices closing pointing northwards. The primary All Share Index added 4.85% to settle at 2586.90pts with the Industrials putting on a 4.78% rise to 8617.80%.

 

Not to be outdone, the Mimings was the best performer amongst the Indices as it ticked up 8.46% to 4054.04, spurred by gains in Bindura which went up 11.49% as the nickel miner closed at $3.8000, albeit trading paltry shares. The Top Ten was 6.38% firmer at 1627.56pts lifted by banking CBZ which topped the risers of the day on a 16.10% surge to close at $86.0002, having reached an intra-day high of $88.8500. Art Corporation trailed after rebounding 14.38% to $4.0008 while, crocodile skin manufacturers Padenga were 12.46% higher at $18.9511 on resurgent demand. Dairibord which is currently trading under cautionary recovered 10.86% to 14.4118.

Zimplow topped the laggards of the day on an 16% slide that took it to 4.2002, where demand could be found. Property concern Mash lost 5.46% to $0.8606 while, Meikles dropped 3.92% to settle at $23.0595. Medtech was 0.41% lower at $0.0737 with Proplastics completing the set on a 0.06% slump to $8.6400. Heavy Cap Delta was also seen in the fallers zone on an negligible 0.001% drop as it closed at $24.4984. Activity aggregates declined with volumes exchanged dropping 20.89% to 13.78m shares while, the turnover was 72.85% down at $66.15m. Delta, Zimplow and CBZ anchored the value aggregates with respective contributions of 35.63%,15.41% and 14.72%. A deficit balance of payment was registered as a mere $0.39m foreign purchases was recorded against sales of $27.54m.

 

EFE Securities