MARKET COMMENTARY

Equities soften in Tuesday’s trades…

The bearish note on the ZSE persisted in Tuesday’s trades as all the Indices closed in the red. The mainstream All share Index lost a further 0.87% to 93.84pts, The Industrial Index succumbed to a 0.89% loss to 313.18pts, and the Top 10 Index tumbled 0.1.02% to settle at 93.50pts. The less active Mining Index remained flat at 134.37pts with no activity in the sector. Activity aggregates for the day were mixed with the volumes exchanged falling 16.48% to 1.90m, yielding a value outturn of $1.31m which was 38.87% up from prior session. Delta drove the value outturn for the second consecutive session with a 30.90% contribution, while CBZ, Nampak and Delta emerged the top volume contributors with respective contributions of 19.75%, 14.03% and 13.51%. Local participation dominated as Inflows accounted for 13.83% of the day’s turn over while, outflows added 18.81% of the same.

Dual listed PPC was the worst performer on a 5.99% plunge to close at a vwap of $0.7521 while, Innscor weakened further by 5.88% to $0.8000. Waning demand in Econet saw the telecoms giant trading lower at $0.8623 after a 3.11% loss with FML plunging 0.58% to close at $0.1866. OKZIM completed the top five fallers set easing 2.65% to $0.1655. Overall, four counters gained against seven fallers, while ten held the ground, leaving the market with a negative breadth. Banking group CBZ anchored the topside on a 3.09% gain to $0.0835 while, Old Mutual went up 1.49% to $4.9262. Padenga gained 0.50% to $0.500 while, top capitalised stock Delta completed the set with a 0.30% lift to settle at $156.59, having traded at an intra- day high of $1.5700. The resurgent demand came in the aftermath of the company’s impressive third quarter trading update, where management reported a 24% increase in revenue and announced a second interim dividend of $0.0225 per share.

Counter Price   Δ USc % Δ % Δ YTD
ZIMPLOW 8.10 0.28 3.58% 3.58%
SIMBISA 45.00 1.00 2.27% 8.88%
UNIFREIGHT 1.45 0.03 2.11% 2.11%
DELTA 157.52 0.93 0.59% 8.63%
OLD MUTUAL 494.75 2.13 0.43% 9.02%
Counter Price   Δ USc % Δ % Δ YTD
BARCLAYS 5.20 -0.30 -5.45% -13.33%
MEIKLES 30.00 -1.70 -5.36% 7.10%
ECONET 82.27 -3.96 -4.59% -12.90%
ZHL 2.99 -0.10 -3.24% 15.44%
DZLH 11.00 -0.05 -0.45% -1.79%
Market Commentary

Equities soften in Tuesday’s trades…

The bearish note on the ZSE persisted in Tuesday’s trades as all the Indices closed in the red. The mainstream All share Index lost a further 0.87% to 93.84pts, The Industrial Index succumbed to a 0.89% loss to 313.18pts, and the Top 10 Index tumbled 0.1.02% to settle at 93.50pts. The less active Mining Index remained flat at 134.37pts with no activity in the sector. Activity aggregates for the day were mixed with the volumes exchanged falling 16.48% to 1.90m, yielding a value outturn of $1.31m which was 38.87% up from prior session. Delta drove the value outturn for the second consecutive session with a 30.90% contribution, while CBZ, Nampak and Delta emerged the top volume contributors with respective contributions of 19.75%, 14.03% and 13.51%. Local participation dominated as Inflows accounted for 13.83% of the day’s turn over while, outflows added 18.81% of the same.

Dual listed PPC was the worst performer on a 5.99% plunge to close at a... [more]

Market Comment -17.01.2018
Mixed trades were witnessed in a mid-week session that saw the main stream All shares Index easing 0.64% to 93.24pts weighed down mainly by a 4.59%...

Market Comment -16.01.2018
The bearish note on the ZSE persisted in Tuesday’s trades as all the Indices closed in the red. The mainstream All share Index lost a further 0.87%...

Market Comment -12.01.2018
It was a characteristically low Friday on the ZSE with all benchmark indices closing in the red. The All share Index lost 1.95% to 94.69pts...

Weekly-12.01.18
The market slipped into further losses this week as sell offs persisted amidst lukewarm trades. All the Indices for the week...

Market Comment -11.01.2018
All ZSE benchmark indices closed the session pointing southwards, as demand in most counters continue to wane. The main Indicator ALL share Index,...


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