The Sunday News
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.