VFEX ZSE TOP 10 INDEX: 486.56 (-0.13%)
VFEX ZSE TOP 15 INDEX: 497.75 (-0.07%)
VFEX ZSE CONSUMER DISCRETIONARY INDEX: 502.34 (+0.00%)
ZSE ZSE VFEX ALLSHARE INDEX: 278.58 (+0.23%)
VFEX ZSE MINING INDEX: 163.94 (+0.00%)
VFEX ZSE SMALL CAP INDEX: 100.11 (+0.00%)
VFEX ZSE ALL SHARE INDEX: 493.27 (+0.22%)
VFEX ZSE MID CAP INDEX INDEX: 554.63 (+1.58%)
VFEX ZSE TOP 10 INDEX: 486.56 (-0.13%)
VFEX ZSE TOP 15 INDEX: 497.75 (-0.07%)
VFEX ZSE CONSUMER DISCRETIONARY INDEX: 502.34 (+0.00%)
ZSE ZSE VFEX ALLSHARE INDEX: 278.58 (+0.23%)
VFEX ZSE MINING INDEX: 163.94 (+0.00%)
VFEX ZSE SMALL CAP INDEX: 100.11 (+0.00%)
VFEX ZSE ALL SHARE INDEX: 493.27 (+0.22%)
VFEX ZSE MID CAP INDEX INDEX: 554.63 (+1.58%)
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Market Commentary

Market Comment- 04.07.2022

Published on 03 July 2022 • Equity Research

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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