Equities extend gains

Equities extend gains
Published: 04 July 2014
The equities market today extended yesterday's gains going up 0.25 percent following significant foreign purchases of Econet, Delta and Innscor's stocks.

Activity was also improved as the number of counter that traded increased to 51 up from yesterday's 38.

Five counters traded in the positive, led by Cottco which was up 25 percent or 0.20 cents to settle at 1 cent.

Bankers NMB traded at 5 cents after going up 11.11 percent, while AFDIS moved up 9.03 percent to trade at 35 cents.

Zimplow traded 7.69 percent higher at 7 cents after gaining 0.50 cents, while telecoms giant Econet bumped 2.9 percent to trade at 70 cents.

On the downside, Meikles lost 0.99 cents to trade at 19 cents, while Old Mutual was 1.9 percent in the negative at 255 cents. Conglomerate Innscor traded at 74 cents, down 1.33 percent.

Market turnover stood at $1,1 million as foreign buyers again dominated trades as they sold shares to the tune of $197 553, while their purchases amounted to $903 056.

The mining index was up 0.24 percent to 56,36 points.
- BH24


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