ZSE shares turn higher in improved activity

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1932688 664450863596871 2088411395 o
1932688 664450863596871 2088411395 o

HARARE – The stock market see-sawed back to positive territory on Friday in improved trading activity.  Turnover improved to $6.47 million but still falls below the daily pyschological mark of US$1 million at US$381 751.80.

Foreign buying interest remain subdued at a negligible $960 while foreign sales were at $1.39 million. The overall trade count improved from yesterday at 120 while the market breadth was firmly positive with 12 advances against just two decliners. Innscor contributed the most to turnover at $1.54 million.

At close, the ZSE All Share Index was 0.32% higher to 234.10 but its the Small Cap Index that rose the most at 2.14% to 636.12 buoyed by gains in Powerspeed and Medtech.

Powerspeed led the risers after gaining 20% to 24c and Medtech put on 1.33% to 1.52c.

There were marginal gains among the blue chip counters; Econet put on 0.27% to 150.5c, OK Zim was 0.41% higher to 65.77 and Padenda was 0.10% ahead. The gains saw the Top Ten close with a 0.04% uplift to 208.43 in spite of losses in Simbisa and Old Mutual.

Simbisa shed 0.56% to 125.25c and Old Mutual pared a minute 0.01% to 3599.93c.

Sectorally, the Consumer Discretionary Index gained the most at 0.83% to 412.16 while the new Industrials Index and the Real Estate Index were unchanged at 431.81 and 279.94 respectively.

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