Login to your account

Username *
Password *
Remember Me

Firming demand across the board helped push the market northwards in the week ending session. Resultantly three of the Indices in our review continued to soar with the primary All Share Index surging 6.58% to end at 3171.15pts with the segregated Industrials putting on a further 6.81% to 10611.49pts.

 

The Top Ten Index was the best performer amongst the indices as it ticked up 7.86% to 2025.05pts. Mid-tier and small cap counters topped the gainers of the day with Unifreight leading on a 19.96% surge to see it trading at $0.267500 on firming demand. Truworths followed, adding 19.88% to $0.480 0on paltry shares while, property concern Mash was 19.81% firmer at $0. 9600. Banking group First Capital traded 19.50% higher at $1.2577 while, TSL rose 18.14% to settle at $27.1724. Thirty counters registered gains against five that lost ground while, five remained unchanged, leaving the market with a positive breadth.

Cafca led the laggards set on a 11.11% slump to $80.0000, where demand could be established. Nickel miner Bindura was 6.71% down at $3.7156 with Dawn properties shedding 2.36% to $0.5500. Hotelier groups RTG and Afsun completed the list on respective losses of 2.30% and 0.72%. TSL was the most liquid stock of the day as it propelled both the volumes and value aggregates after claiming 15.76% of the former and 41.11% of the latter. Other notable trades were in Meikles and Delta which contributed 18.17% and 11.47% in that order of the turnover. Contrastingly, values of trades went down 59.98% to $66.16m while, volumes exchanged were 42.80% down at 6.34m shares from prior session. A net foreign outflow position was recorded as $2.5m worth of inflows was registered against outflows of $4.68m.

 

EFE Securities