Bulls dominate as market wraps up the first week of 2024…
Bulls continued to dominate in Friday’s trades, as the primary All Share Index surged 5.59% to 253,617.96pts. The Blue-Chip Index firmed up 7.37% to 113,877.95pts anchored mainly by gains in Delta, CBZ and Econet. The Agriculture Index was up 1.66% to 663.28pts while, the Mid Cap Index gained 2.32% to 981,473.86pts. The duo of Edgars and ZB Financial Holdings led the gainers of the day as they jumped 15% to see the former settling at $115.0000 and the latter at $1,035.0000. Beverage giant Delta advanced 11.21% to $4,969.4052 despite having traded a high of $5,138.60 in the session while, RTG ticked up 9.38% to $175.0000 on scrappy 100 shares. TSL Limited capped the top five winners list of the day on a 9.09% uplift to end the day pegged at $1,200.0000. Bridgefort Class B led the laggards of the day on a 10.85% slid to $30.0000 as 100 shares exchanged hands while, fintech group Ecocash Holdings parred off 4.50% to settle at $214.5531. Turnall eased 2.29% to end the week pegged at $38.9231 while, cigarette manufacturer BAT dropped 0.49% to settle at $13,035.2941 despite having traded a low of $12,900.0000. Star Africa capped the top five losers pack of the day on a 0.35% retreat to end at a VWAP of $9.8739.
Activity aggregates were mixed in the session as volume traded declined 5.02% to 1.96m shares while, value traded increased by 25.08% to $1.79b. The top volume drivers of the day were Econet (38.38%), Ecocash Holdings (21.22%), Star Africa (11.29%) and Delta (9.02%). Heavies Delta and Econet drove the turnover aggregates of the day as they contributed a combined 82.55% of the value traded. A total of 154,750 units worth $2.80m exchanged hands in the ETF category. Cass Saddle ETF and Datvest ETF inched up 3.92% and 5.65% to $6.4600 and $11.6216 respectively. MCMS ETF dropped 0.01% to $514.9500 while, OMTT ETF stepped up 0.03% to settle at $42.9980. Tigere REIT was stable at $350.0000 as 284,535 units exchanged hands in the session.