ZSE Opens September in the black

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The Zimbabwe Stock Exchange opened the month of September in the black as the bullish sentiment extended into the new month whereby primary All share Index went up 0.74% on sustained demand and touched 118.07 points in the first session of the month while, the Industrial Index gained 2.52% and closed the day at $397.16 points.

The Top Ten Index was similarly rising adding 0.37% and settling at 122.06 points as demand spread to the market heavies. Meanwhile, the mining Index was flat at 161.34 points as the only active counter in the cluster Bindura exchanged hands at a stable price of $0.0600.

According to Zimbabwe Stock Exchange (ZSE) leading stockbroking firm EFE Securities, market activity was confined to a selected number of stocks with the number trades coming in at 43.

“Market activity was confined to a selected number of stocks with the number trades coming in at 43 and yielding $2.16 million in spend which was 7.18% lower from the prior session.

“Volumes succumbed 31% on previous session as Mash, Bindura and Simbisa emerged the top drivers of the aggregate. Values on the other hand were anchored by Old Mutual, Delta and Simbisa that claimed a combined 87% of the total
exchanges,” they said.

According to the Zimbabwe Stock exchange market commentary,Leading the market charge was Masimba that went up 9.09%.

“Eight counters recorded gains for the day against a sole faller leaving the market with a positive breadth. Leading the market charge was Masimba that went up 9.09% and settled at $0.0600 on growing demand while, NMB added 4.10% and settled at $0.1270. Beverages giant Delta firmed 2.12% and ended at a vwap of $5.6034, having touched a high of $5.6500 for the day.

“ART completed the top risers set on a 1.33% rise and closed the day trading at $0.061. The single faller for the day was Padenga which slipped 1.02% and ended the week at $0.6500,”they said.

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