Market report: ZSE indices extend gains in week ending session

by Sunday News Online | Sunday, May 13, 2018 | 276 views

THE ZSE indices extend gains in week ending session with the primary All Share and Industrial Indices adding a similar 0,07 percent to close session pegged at 103.24 pts and 345.49 pts respectively.

The Top Ten Index gained 0,15 percent to settle at 105.09pts as heavies Old Mutual, Econet and Innscor drove the index upwards.

The Resources Index was stable at 132.96pts with trades only seen in RioZim which traded flat at $1,2400. The market registered a positive breadth as risers for the day outnumbered the fallers by a count two while eleven counters traded unchanged. Padenga topped the risers’ list with a 2,48 percent lift to close $0,6200 followed by multi-listed group Old Mutual which surged with a massive 1,75 percent to close at a vwap of $6,8192, having touched an intra-day high of $6,8500.

Leading telecoms company, Econet and the Innscor group ticked up an identical 0,20 percent to end at $0,8967 and $1,2525 in that order. Axia wrapped the movers of the day after putting on a marginal 0,08 percent to $0,2475. Zimre holdings dipped 12 percent to trade at $0,0220, while Delta dropped a marginal 0,31 percent to close at $2,0199. Hippo sealed the fallers pack after shedding 0,15 percent to $1,6475 on waning demand.

Trading activity for the day improved with volume of shares ballooning 266,76 percent to 5,60m while, value out turn surged 164,77 percent to $3,43m. Driving the volumes were Econet, Axia and OKZim which claimed a combined contribution of 61,41 percent. The duo of heavies Econet and Delta accounted for 57,84 percent and 19,69 percent respectively. Foreign inflows were up 258,55 percent at $1,47m while, outflows rose 196,88 percent to $0,85m to register a positive net funds inflow position.

 

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