Market report…ZSE ends week in the black as bullish sentiment continues

by Sunday News Online | Sunday, Jun 10, 2018 | 303 views

BULLISH sentiment persisted on  the ZSE  as all  the broad indices closed the week in the black. The primary All Share Index enhanced 0,27 percent to 115.73 pts while, the Industrial Index was up by an almost similar 0,26 percent to 386.62 pts.

The ZSE Top Ten Index closed at 121.39 pts after putting on 0,37 percent while, the Mining Index added 0,39 percent to 152.57pts on the back of trades in the nickel miner Bindura which put on 1,53 percent to $0,0530. Banking group Barclays emerged on the top of the gainers’ list after extending 3,08 percent to $0,0670. On the second and third place of the risers’ table were Zimpapers and ZBFH which added  2,68 percent  and  2,29 pecent  to  $0,0115  and  $0,3400  apiece.  Property  concern  Dawn  gained  2,29 percent to close at $0,0134 while, Old Mutual reversed its previous day losses after a 1,93 percent rise to $5,9539 having traded a high of  $6,0100 for  the  day. Leading  the  fallers’  spectrum  was Dairibord which plunged 17,65 percent to end at $0,1250 while, cement producer PPC retreated 7 percent to settle at $1,3020.

The market registered a positive breadth as risers outnumbered the fallers by a count of 11. Activity for the day was slow as reflected in all measures which ended pointing southwards. Volumes succumbed  97 percent  to  2,98m  while,  turnover  dipped  79,64 percent  to $2,21m from prior  session. Econet, Axia and OK Zim were  the  top volume drivers for the day with  respective  contributions  of  41,88 percent,  27,05 percent and 19,03 percent. Econet and Old Mutual claimed 64,95 percent and 16,72 percent of the value total. Foreign disposals stood at $0,40m while, purchases were $0,87m to set a net funds inflow.

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