ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
ZSE ZSE TOP 15 INDEX: 491.50 (-1.32%)
VFEX ZSE VFEX ALLSHARE INDEX: 254.75 (-0.16%)
ZSE ZSE SMALL CAP INDEX: 100.11 (+0.00%)
ZSE ZSE CONSUMER DISCRETIONARY INDEX: 810.02 (+0.16%)
ZSE ZSE MINING INDEX: 147.11 (+0.00%)
ZSE ZSE MID CAP INDEX INDEX: 493.75 (+0.91%)
ZSE ZSE TOP 10 INDEX: 477.59 (-1.48%)
ZSE ZSE ALL SHARE INDEX: 474.92 (-1.04%)
EFE Securities Logo Member of the Zimbabwe Stock Exchange
Market Commentary

MARKET COMMENT 04.01.2024

Published on 03 January 2024 • Equity Research

03 January 2024 Download Report (PDF)

The market extended the bullish trend in Thursday’s session to see the primary All Share Index ticking up 7.70% to 240,181.46pts while, the Blue-Chip Index firmed up 9.97% to 106,064.36pts. The Agriculture Index rose 2.33% to 652.43pts while, the Mid Cap Index gained 1.65% to 959,257.12pts. Star Africa headlined the top performers of the day on a 23.63% jump to $9.9089, followed by beverage giant Delta that added 14.96% to $4,468.4007, having reached an intra-high of $4,470.1000. Banking group CBZ Holdings surged 13.82% to close at $3,700.0000 while, fintech group Ecocash Holdings advanced 11.13% to $224.6617. Meikles capped the winners of the day on a 10.88% uplift to end the day pegged at $1,637.9797. On the contrary, Nampak led the laggards of the day on a 1.69% slid to $290.0000 while, Mash Holdings eased 0.03% to close at $160.0500. The market closed with a positive breadth of fourteen after sixteen counters recorded gains against two that faltered.

 

 

Activity aggregates were depressed in the session as volume traded succumbed 67.03% to 678,707 shares while, value traded declined 75.24% to $354.83m. Ecocash was the top volume driver after contributing 28.61% of the total volume traded. Other notable volume drivers of the day were Star Africa (22.44%), GBH (11.13%) and OkZim (9.27%). The top value drivers of the day were Delta (60.95%), Ecocash (11.83%), Econet (6.09%) and Hippo (4.85%). A total of 72,498 units exchanged hands in the ETF section. Cass Saddle ETF inched up 4.54% to settle at $6.2163 as Datvest ETF charged 10.00% to end the day pegged at $11.0000. OMTT ETF gained 5.87% to close at $42.9836. Tigere REIT edged up 3.10% to end the session pegged at $350.0000 as 89,907 units exchanged hands.

Official Document Attachment Click to read in PDF viewer
Open PDF

Trade Support Desk

Need investment assistance or have trade inquiries? Call our desk directly.

+263 242 799132-5 Send Inquiry