EFE Securities •

8 months ago •

Market Commentary

ZSE slips into the red in mid-week session…

ZSE retreated in mid-week session as selected heavies weighed down the market. The mainstream All-Share Index dropped 0.75% to 144,351.25pts while, the ZSE Top Ten Index fell 1.11% to 70,931.96pts. The ZSE Agriculture Index was 1.44% lower at 579.03pts while, the Mid Cap Index was the only gainer amongst the indices we review as it added a marginal 0.02% to finish at 473,141.78pts. Leading the top five gainers of the day was CBZ Holdings that surged 14.97% to $1,057.7987 having traded an intraday high of $1,058.05. Ecocash Holdings jumped 14.51% to close at a vwap of $161.4942. First Mutual Properties soared 13.27% to $125.0512 while, hotelier Meikles Limited grew 7.18% to end at $803.9043. Spirit and wines manufacturer AFDIS capped the top five risers’ set as it advanced 3.04% to $1,855.0000. Construction group Masimba was the worst faller of the day as it dipped 12.90% to $609.7332, followed by seed manufacturer Seed Co Limited that declined 9.85% to $900.0000. Beverages giant Delta shed 4.72% to $3,117.2495 while, BAT trimmed 1.22% to $17,285.6857. Ariston Holdings completed the top five shakers of the day on a 0.21% slip to close at $32.0021.

The market closed with a positive breadth of three as twelve counters advanced against nine that the lost ground. Activity aggregates were improved as volumes shot up 49.95% to 6.89m while, turnover jumped 9.16% at $3.17bn. Econet dominated the activity aggregates claiming 73.88% of the total volumes and 85.17% of the value outturn. Cumulatively 120,600 units worth $1.72m exchanged hands in the ETF section. The Old Mutual ETF slipped 2.33% to $22.0090 while, Cass Saddle ETF shed 0.41% to $7.2200. On the REITs section , 6,878 units worth $1.53m exchanged hands at a price of $222.9992.