Market Commentary 16 January 2018

Market Commentary 16 January 2018
Published: 16 January 2018
Turnover closed at $1.3 million on Tuesday on the Zimbabwe Stock Exchange after the usual suspects on the heavyweight counters recorded some trades. The $1.306 turnover was realised from the sale of a total of 1,908,621 shares. Foreigners were net sellers at $246,000 with buyers closing at $181,000 in a trading session which saw 79 trades coming through.

The All Share Index continued in the downward trend losing 0.82 points (0.87%) to end at 93.84 points. INNSCOR (INN.zw) led the shakers with a $0.0500 loss to close at $0.8000, PPC (PPC.zw) eased $0.0479 to $0.7521 while ECONET (ECO.zw) was $0.0277 lower at $0.8623. SIMBISA (SIM.zw) was down $0.0100 to $0.4400, FIRST MUTUAL HOLDINGS (FML.zw) declined by $0.0082 to trade at $0.1866 and OK ZIMBABWE (OKZ.zw) slipped by $0.0045 to settle at $0.1655.
 
Four counters gained ground including OLD MUTUAL (OML.zw) which put on $0.0722 to close at $4.9262 while DELTA (DLTA.zw) added $0.0047 to $1.5659. CBZ (CBZ.zw) and PADENGA (PHL.zw) each rose $0.0025 to settle at $0.0835 and $0.5000 respectively.
 
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