03 July 2022
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ZSE falters further...
The market continued to falter in week opening trades
as ZSE updated on changed index constituents. The
primary All-Share Index retreated 1.27% to close at
19340.56pts. The ZSE Top Ten Index trimmed 1.42% to
12036.36pts while, the Mid-Cap Index was down 1.41%
to 37615.28pts. The only gainer amongst the indices
under our review was ZSE Agriculture Index which ticked
up 0.24% to close at 110.14pts. Property concern FMP
led the market decline on a 14.16% drop to $10.0000,
followed by banking group CBZ that dipped 13.56% to
$142.5896. Insurer FML shed 11.11% to settle at
$24.0000 while, hotelier African Sun let go 9.50% to
$11.3119. Turnall dropped 9.09% to close the day at
$4.5455. Edgars reversed prior session’s losses to record
a 6.98% jump as it closed the day at $5.5123. Fellow
clothing retailer Truworths trailed on a 6.95% uplift to
close at $2.0000. Brick manufacturer Willdale improved
6.34% to $2.9719 as Mashonaland advanced 6.10% to
close at $5.5880. Tea company Tanganda capped the top
five winners of the day on a 5.77% rise to $200.9625.
Activity aggregates were depressed in Monday’s session
as volumes succumbed 53.69% to 2.01m shares while,
value outturn plunged 64.81% to $290.47m. Volume
leaders of the day were Axia, Delta and CBZ that claimed
22.91%, 10.45% and 10.14% apiece. The value aggregate
was anchored by Delta, Innscor, Axia and Econet which
accounted for a combined 68.70%. Foreign purchases
amounted to $34.69m against a nil sales position for the
day. The Old Mutual ETF was the top faller amongst the
ETFs on a 7.41% loss to $8.9142 while, the MIZ slipped
3.10% to $1.2500. Datvest ETF slid 0.39% to $1.9773 as
the Morgan and Co Multi sector put on 0.19% to
$26.0500. Elsewhere, no trades were recorded on the
VFEX.
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