Market Commentary 13 February 2018

Market Commentary 13 February 2018
Published: 13 February 2018
There was notable activity on the local bourse on Tuesday with turnover closing the trading session at $6,974,602. Market capitalization closed at $8.52 billion. Foreign buys at $1.51 million dominated sales at $480,769, in a trading session which saw 124 trades coming through.
 
A block trade in Econet carried the day after 5,027,613 shares of the telecoms giant were traded at a value of $3,519,328 although price declined 0.157 percent to 69.89 cents.

The All Share index came off 0.13 points (0.15%) to settle at 89.50 points as activity increased across the board. BRITISH AMERICAN TOBACCO (BAT.zw) led the losers with a $0.0537 loss to close at $24.4000, AFRISUN (ASUN.zw) eased $0.088 to $0.0362 while OK ZIMBABWE (OKZ.zw) dropped by $0.0050 to close at $0.1600.

NAMPAK (NPKZ.zw) shed $0.0020 to trade at $0.1700, ECONET (ECO.zw) went down by $0.0011 to end at $0.6989 whilst SEEDCO (SEED.zw) was $0.0007 weaker at $1.9493.

Gains were seen in FIDELITY LIFE (FIDL.zw) which put on $0.0160 to trade at $0.0960,  PPC (PPC.zw) added $0.0056 to $0.8556 while INNSCOR (INN.zw) was up by $0.0052 to end at $0.8541. MEIKLES (MEIK.zw) shifted up $0.0050 to $0.3050 and UNIFREIGHT (UNIF.zw) inched up $0.0001 to close at $0.0146.
- zse
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