Market charges ahead in the month opening session…
The market continued to charge ahead in the new month as all the four indices we review closed pointing northwards. The All-Share Index surged 5.23% to settle at 133,270.45pts while, the Blue chip Index firmed up 7.80% to close at 60,971.85pts buoyed by Delta and OK Zimbabwe. The Mid-Cap Index rose by 0.94% to end at 502,702.38pts while, the Agriculture Index was up 0.18% to end pegged at 519.84pts. Banking group NMB headlined the gainers’ list of the day as it charged 15.00% to close at $247.9000, trailed by beverages giant Delta that advanced 14.85% to settle at $2,636.5281. Retailer OK Zimbabwe edged up 14.04% to end the day pegged at a VWAP of $136.9677 while, insurance giant First Mutual Holdings garnered 12.29% to $245.0000. Asbestos manufacturer Turnall capped the day at $23.6492 following a 7.50% ascent, as it fastened the top five winners of the day. A total of fifteen counters registered price movements, segregated into eleven gainers and four losers, leaving the market with a positive breadth of seven. Trading in the negative territory were three counters headlined by General Beltings which plunged 13.04% to close at $10.0000. Tea producer Tanganda was 0.03% lower at $912.7527 while, property concern First Mutual lost a negligible 0.02% to settle at $124.9308.
Activity aggregates faltered in the session as volumes traded declined 91.82% to see 923,348 shares exchange hands while, turnover fell 49.32% to close at $984.81m. The threesome of Delta, Willdale and First Mutual Properties led the volume drivers of the day with a combined contribution of 66.06%. Delta claimed the lion’s share of the value aggregate at 84.92% of the total. In the ETF category, Morgan & Co Made in Zim ETF was 0.30% weaker at $7.8261 while, Datvest MCS gained a negligible $0.0002 to close pegged at $6.7952. The Tigere REIT was 0.01% lower at $234.9674 as 13,254 units traded.