ZSE Daily Comment 07.08.17
The local bourse maintained the bull run as the benchmark index further notched another 0.52% to close at 208.90 on Tuesday. The resources index however remained flat at 73.92.
A total of 15 counters exchanged hands in the session and from these active counters, 9 ended in positive territory whilst there was no stock in the negative.
Topping the gainers’ set was pharmaceuticals concern Medtech which broke the jinx after putting on an impressive 50% to close the session at 0.03c per share. Colcom trailed the top riser after adding 19.91% to close the session at 49.45c per share.
CFI featured among the market movers after putting on 3.35% to close the market at 52.74c per share. The Securities and Exchange Commission (SECZ) has advised CFI Holdings minority shareholders to disregard an informal offer by Messina Investments which it says undermines the integrity of the market and transparency in trading of equities on the local bourse.
Retail stock OK Zim went up by 2.33% to close at 11c. Banking stock, NMB capped the top riser’s set after it gained 2.22% to settle at 4.14c per share.
Total value rose tremendously from $0.12m in the prior session to close at $2.1 m. Value was sustained by the heavy cap counters with Econet recording the highest contribution followed by Seedco, Old Mutual, Delta and PPC.
