The mainstream index touched another 3 year high on Wednesday after gaining 0.33% to close the session at 205.10. The index with just 2 sessions in the month, has risen by a cumulative 1.5% as stocks revive rallying mode. The industrial index is now 42% up year to date and has risen by more than 60% since April. The mining index maintained rising mode, adding 4.53% to close the session at 72.99.
A total of 15 counters exchanged hands in today’s session and from that sum half of the stocks ended in the positive territory whilst 1 stock traded in the negative territory.
Nampak led the risers set adding 9.09% to close at 6c and was closely trailed by stock of the moment CFI which gained 5.59% today to settle at 47.2c a huge premium to the Starlap offer as well as safe notch above the Messina offer. On Friday the ZSE issued a cautionary warning against a statement issued by Messina investments, which was offering to buyout minorities at a significant premium of 46c.
Retail stock OK Zim which last week reported that first quarter performance was ahead of both the prior year as well as budget, received a market cheer rising by 5.26% to close at 11c. Another retailer Truworths, capped the top risers set after gaining 4.76% to close at 1.10c.
Banking stock , Barclays was the only lame duck after it went down by 2.86% to settle at 3.40c to sustain a price roll back as the acquisition of the unit nears completion. Meanwhile all other banking counters were stable as the RBZ through the MPS announced new measures to improve market confidence as well drive export performance.
BNC clawed back 16% to close the session at 2.90c in light of the parent company’s suspension on the AIM listing in London.
Turnover in the session went up by 1.2% to settle at $0.59 million with top contribution coming from PPC, Seedco, Delta, OK and Old Mutual in that respective order. The total number of shares traded in today ‘s session came in at 1.2 million.