ZSE Daily Comment 07.08.17
The ZSE’s benchmark index maintained upsurge rising by 0.35% in the week opening session to close at 207.82. the index has been up consistently in the past 9 sessions and is racing towards beating an all time high of 232. A total of 42 industrial counters are up year to date. The mining index was stable at 73.92 after a strong showing in the prior week.
A total of 14 counters exchanged hands in today’s session and from these active counters, 9 ended in positive territory while 2 stocks closed in negative territory resulting in a positive breadth of 7 counters.
Simbisa was the session’s top riser adding 6.48% to close the session at 28.75c. The counter has been on an upsurge since announcing a alternative listing on the AIM as well as a regional expansion.
Banking stock Barclays was up 3.33% to close at 3.10c seesawing ahead of its interims which are expected in the current month. Crocodile skin producer Padenga was among the top 3 risers for the session adding 3.13% to record 30.01.
Mashhold and Axia added 2.3% and 0.40% to close at 2.20 and 12.65c respectively.
CBZH which released its interims for the 6 months period to June showing a stable performance closed at its previous 24 session price level of 10c.
Total value was down 83% to close at 0.12m. Value was sustained by the heavy cap counters with Delta recording the highest contribution followed by Seedco, Old Mutual ,Econet and Padenga.
