Market Performance

Total market capitalization gained 2.82% this week to close at $12.47bn. YTD +24.96%.

The All Share Index ended the week 2.76% higher at 117.33, while the Top 10 Index was up 3.39% to 121.69.

The Industrial Index closed the week 2.75% higher at 394.64, while the Mining Index gained 1.98%, ending the week at 161.34.

Trading in heavyweights was firm this week with Innscor, Delta and Econet recording gains of 6.34%, 4.09% and 3.80%, respectively.

The week’s top gainers were Dawn Properties, Zimpapers and Powerspeed, up 21.21%, 20.00% and 19.79%, respectively.

The week’s largest losses were recorded in Star Africa, down 9.09%, Africa Sun, down 7.63% and CAFCA, down 6.67%.

Flows for the week:

Volumes traded totaled 26.75mn shares and averaged 5.35mn shares per day.

Weekly turnover totaled $16.93mn. Average daily value traded was $3.39mn for the week.

Activity was highest in Seedco, BAT and Delta, contributing 30.68%, 15.82%, 14.33% respectively.