The stock market rallied on into the fourth session of the week as the mainstream index rose by 0.10% to close at 205.30 while the resources index went up by 0.19% to settle at 73.13.
A total of 18 counters exchanged hands in today’s session and from these active counters, 7 ended in positive territory while 3 stocks closed in negative territory.
Pearl Properties led the industrial stocks after putting on 8.82% to close the session at 3.70c per share. The counter broke the jinx after 2 months of trading at a constant price of 3.40c.
CFI continued its bull run after surging by 5.93% to close the market at 50c per share reaching another all-time high since dollarisation as the two majority shareholders play cat and mouse in their quest for control.
Simbisa gained 1.89% to close the session at 27c, maintaining its upsurge since announcing expansion intentions and a secondary listing. Axia rose by 0.64% to close at 12.60c to cap the top risers’ set.
Dragging the index was ART which went down by 18.18% to close at 4.50 per share, hitting its lowest price in a one year. Star Africa shed 5.11% to close at 1.30c while cigarette manufacturer BAT eased by 0.28% to close the session at 1800c.
Pushing the mining index upwards was Falcon Gold which went up by an impressive 20% to close at 1.20c per share.
Turnover in the session went down by 35% to settle at $0.38 million with top contribution coming from PPC, ART, CFI, Star Africa and Seedco in that respective order. The total number of shares traded in today ‘s session came in at 4.6 million.
