ZSE in week closing gains

by Sunday News Online | Sunday, Jul 8, 2018 | 260 views

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ZSE  benchmark  Indices  ended  the week pointing northwards with the primary All  Share  Index gaining  0,70 percent  to  103.93pts while the Industrial Index added  the same margin to close  at 348.99 pts which was 1,01 percent shy of the 350pts mark.

The Mining Index put on 0,16 percent to 162.78pts buoyed by gains in nickel miner  Bindura which was 0,59 percent higher  at $0,0510.

The  ZSE  Top Index inched  higher  at 0,77 percent to 105.76pts on the back of surging heavy capitalised stocks Old  Mutual,  Innscor,  Delta  and  Econet.  The market recorded 10 risers with no fallers, as  six counters sailed flat, leaving the market  with a positive breadth.

Powerspeed topped the risers list after advancing 20 percent to close at $0,0840,  trailed by Mash which  extended  4,09 percent to $0,0229.

Axia was the third counter on the risers table with a 4,07 percent jump to $0,2300. Masimba ticked  up 3,17 percent  to  $0,0619  while, giant  insurer  Old  Mutual completed the risers of the day with 1,74 percent lift to settle at $4,8831 reversing yesterday’s losses.

Activity aggregates for the day ended mixed with turnover dropping 20,63 percent to $3,39m while volumes added 56,30 percent to 5,43m shares.

OKZim,  Econet  and  Mash  anchored the volume aggregate with  respective contributions of 35,07 percent, 24,80 percent and 10,61 percent. Econet, Old  Mutual, Delta and OKZim claimed a combined  95,76 percent  of the value outturn. Foreign purchases accounted for 51,61 percent of the day’s turnover while sales anchored 24,48 percent of the same.

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