EFE Securities •

8 months ago •

Market Commentary

ZSE swings back to losses…

The market closed the week in gains as the All-Share Index significantly moved from prior session adding 4.08% to 130,812.47pts while, the ZSE Top Ten Index was 5.81% firmer at 62,062.50pts. The Mid Cap Index rose 0.98% to 459,558.89pts while, the ZSE Agriculture Index improved 0.11% to finish at 592.55pts. Leading the risers of the day was First Mutual Properties which soared 15.00% to $110.4000, followed by construction group Masimba Holdings that surged 14.99% to $595.5500. Delta Beverages advanced 10.26% to $2,537.8366 while, Ecocash Holdings ticked up 10.01% to $152.2414. Bankers CBZ completed the top five winners’ list on an 8.44% increase to close at a price of $800.0500. ART Holdings headlined losers of the day as it plummeted 13.96% to $43.8805 while, sugar processor Star Africa fell 8.77% to end at $5.2000. Zimre dropped 7.80% to $65.0000 while, Proplastics Limited and Dairiboard slipped an identical 0.01% to close at $462.9500 and $699.8937 respectively.

Activity aggregates remained depressed from prior session as volumes declined 31.46% to 710,355 shares while, value dipped 41.83% to $457.03m. Volume leaders of the day were Star Africa (28.21%), Dairiboard (19.03%), Proplastics (11.99%), Delta (11.78%) and Econet (10.96%). Delta and Dairiboard accounted for a combined 67.81% of the value outturn. Two ETFs registered trades in the session as cumulative 12,950 units worth $1,905,549.00 exchanged hands. No trades were recorded on the REIT.