ZSE's Industrial Index In Second Successive Weekly Gains Amid Thin Trades
However, these numbers seemed to have been insufficient to lure fresh capital into the market that continues to limp under heavy liquidity strains.
All but one trading session recorded turnover below US$1 million, however, Tuesday’s heavily traded session that yielded US$2, 3 million helped push the total value of trades up 44 percent to US$4, 8 million.
Propelling the weekly trades was property group Pearl Insurance Limited that was the most liquid stock after accounting for 21 percent of the total value traded as a total of 30 790 288 shares exchanged hands across the board.
An initial weakness on selling pressure saw the group’s price succumb to the week’s low of 71c only to rebound post results to close trading at 75c week on week, however, Delta closed 0,28 percent softer.
Despite Delta’s losses gains in Innscor Corporation Limited, Hippo Valley Estates Limited and Tobacco Associates Limited saw the main stream Industrial Index close firm by a marginal 0, 21 percent at 145.05 points as market heavy weights traded mixed for the week.
Other gains of the week were seen in TN Financial Holdings Limited that put on 23, 81 percent to lead the week at 3,9c although demand showed signs of receding in close of week trades.
Astra Holdings Limited and Star Africa Corporation Limited posted identical +16, 67 percent gains to 3,5c and 1,4c, respectively.
Tractive Power Holdings Limited and Ariston Holdings Limited led the 27 fallers for the week after the after they both closed the week -16, 67 percent softer at 10c and 1c, respectively.