The stock market ended Thursday’s session in the positive as the industrial index eked out a marginal 0.005% to settle at 201.22 buoyed by gains in top and mid tier stocks. The mining index remained flat at 65.45.
A total of 15 counters participated in today’s session and from that sum 8 stocks ended in the black while 3 stocks were in the negative.
TSL recorded the highest price gain to lead the gainers’ table, growing by 3.66% to close the session at 24.10c. Trailing TSL was heavy counter, Simbisa which rose by 0.79% to close at 21.80c.
Econet chalked up 0.53% to close the session at 38.10c. Retail stock , OK Zim grew by 0.49% to close at 10.20c while Masimba capped the top gainer’s table after adding 0.38% to settle at 5.22c
Meikles led the losers’ chart with a loss of 14.12% to close at 18.55c per share. Apparel retail stock Edgars shed off 4.99% to close at 4c per share while heavy Delta capped the downside after it plummeted by a marginal 0.01% to close at 127.25c per share.
Elsewhere CFI was stable after Messina, controlled by Nic Van Hoogstraten flipped a counter minorities offer at double Starlap’s offer price of 46c. The fiercy battle for has seen the share price go on steroids accumulating significant value in a short space of time.
BAT which released its interims for the 6 months period to June showing a stable performance buoyed by a growth in low value brands and cost optimization, closed stable at 1850c.
Turnover in the session came off by 64% to settle at $0.6 million with top contribution coming from Delta, Econet, Old Mutual, Meikles and CFI in that respective order. The total number of shares traded in today ‘s session came in at 0.5 million.
