The stock market was firm on Monday, carrying over from the firm performance in the prior week, driven by mid to top tier gains. The mainstream industrial index went up by 0.60% to 420.91 further increasing its year to date gain to 191.3%. The mining index added 6.44% to settle at 130.46.
Bindura went up in the session taking its rising tally to 3 successive sessions after the company reported that the smelter, which is anticipated to be completed in the current year, is now 83% complete. The stock rose by 20% to settle at 6c.The counter emerged as a top riser among the 32 counters that exchanged hands in the session.
Edgars and FBC trailed with an upsurge of 16% and 9.09% to 5.80c and 24c respectively. Old Mutual gained a further 4.92% in today’s session to 964.59 further stretching its premium to the JSE and LSE.
BAT gained 2.48% to 3100c while Seedco, Delta and Econet emerged among the session’s movers. Masimba went up in the session and the gain follows a 35% revenue growth in the interim period to June
The value of shares traded improved by 429% to a record $9 million anchored by trades in Padenga, which has been at the heart of the current rally. Delta, Simbisa, Hippo and Meikles followed in terms of turnover contribution in that respective order. The total number of shares in the session came in at 14.1 million.
