MARKET COMMENTARY

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Market Comment -17.01.2018
17 January 2018 | published by: EFE Securities
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% retreat in market leaders Econet which closed at $0.8227. The telecoms giant closed well offered at $0.8000 as selling pressure mounts from desperate sellers, in search of liquidity. The Industrial Index dropped by 0.58% to 311.37pts, and the Top 10 Index trimmed off 0.71% to settle at 92.84pts....
Market Comment -16.01.2018
16 January 2018 | published by: EFE Securities
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...
Market Comment -12.01.2018
12 January 2018 | published by: EFE Securities
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...
Market Comment -11.01.2018
11 January 2018 | published by: EFE Securities
All ZSE benchmark indices closed the session pointing southwards, as demand in most counters continue to wane. The main Indicator ALL share Index, retreated 0.38% to 96.57pts as the Industrial Index lost 0.26% to $322.49pts....
Market Comment -10.01.2018
10 January 2018 | published by: EFE Securities
The ZSE indices slumped in mid-week session, as selling pressure in quest of liquidity from desperate sellers continued. Three benchmarks ended the day in the red as the All share and Top 10 Index lost an identical 0.62% to settle at 96.94pts and 97pts apiece....
Market Comment -09.01.2018
9 January 2018 | published by: EFE Securities
The Industrial and All share Index closed in a marginal 0.18% and 0.16% gains to 325.46pts and 97.56pts in Tuesday’s trades, despite a negative market breadth as fallers dominated by a count of two. Leading the risers pack was TSL which recovered 18.92% to $0.4400 while, Cafca ticked up16.67% to end at $0.3500 on a rare trade. Retailer OKZim added 2.78% to settle at $0.1700, closing net buyers on resurgent demand. Meikles trailed with a 0.51% lift to $0.2985 as demand persists in the stock....
Market Comment -08.01.2018
8 January 2018 | published by: EFE Securities
The ZSE swayed back into the red in Monday’s trades as the Industrial and All share Index dropped 0.1% and 0.19% to end at 32.89pts and 97.40pts respectively. The risers and fallers spectrum was evenly distributed at four....
Market Comment -15.01.2018
8 January 2018 | published by: EFE Securities
The ZSE started the week on a shaky note as the All Share and Industrial Indices pared an identical 0.03% to close lower at 94.66pts and 315.99pts, weighed down by seven losers. The gainers and losers of the day were evenly distributed at seven, though the weighty fallers maintained the Index in the red. Banking group CBZ topped the gainers of...
Market Comment -29.12.2017
29 December 2017 | published by: EFE Securities
The market ended the final session of 2017 in the black as the mainstream Industrial Index jumped 3.40% to settle at 332.65pts. Nine risers were registered against two fallers, while four held their ground, to leave the market with a positive breadth of seven. Gains obtained in heavies Old Mutual, Delta and Econet mainly helped pushed the Index northwards as the trio ticked up 17.99%, 9.11% and 4.55% to close at $5.5206, $1.6000 and $0.9500 in that order. African Sun was the top riser of the...
Market Comment -21.12.2017
21 December 2017 | published by: EFE Securities
The Industrial Index continued with its southward trajectory as it lost a further 0.22% to 317.73pts with the loss being precipitated by Meikles which succumbed 12.47% to $0.2801 and heavy cap Econet which plunged 2.23% to settle at a volume weighted average price of $0.8408, having traded an intra-day high of $0.8600. Gains in the Industrial cluster were led by banking group Barclays which rebounded 9.09% to $0.0600 as FML trailed after ticking up 5.41% to $0.1950. Heavies Delta and Old...
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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