Dairibord traded at a new fifty two week high of 27c up +3.85% as 452,028 shares exchanged hands in normal trades that were worth $122,047 whilst a special bargain of 1,200,000 shares also went through the market at +3.7% premium to normal trading price at 28c that helped the counter to the second place on the days highest trades sheet. Also driving the market gains was FMCG conglomerate Innscor that rose +0.32% to 63.2c on renewed buying pressure and agro industrial concern Hippo that firmed +1.9% to 107c.
Turnover in normal trades stood at $2.2m down 5%, while the special bargain helped boost the value traded to $2.5m for the day up 10% on yesterday. A block trade of 25m shares in small cap financial services group NMBZ saw the volume of shares traded for the day surge 94.8% to 35,306,256 while other significant volumes were traded in Delta where 992,251 shares exchanged hands in trades worth $813,646 which was the highest value traded in a single counter in todays trades. Foreign participation dominated trades today with foreign inflows accounting for 73% of buy side transactions while on the selling side an estimated 53% of turnover was deemed to be outflows.
Leading the market gains was Steelnet that put on 50% to 0.15c with Astra and TAH following, after rising 11.9% and 10.0% to 4.5c and 16.5c respectively. Fidelity, the markets top year-to-date performer, closed +4.53% firmer at 9c to consolidate their position. The industrials gains were partially reduced by losses in four counters that were led by NTS down -3.85% at 5c, property group Pearl that shed -3.3% to 2.9c. AICO came off -2.63% to 18.5c and ZHL was down -0.76% at 1.30c.
Gains in Hwange up +2.94% at 70c outweighed a -27.7% loss in Bindura to see the Mining index post a marginal +0.48% gain to 198.41pts. The rest of the mining counter remained at previous levels.
Post published in: Economy