06 January 2022
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ZSE falters in week ending session...
The market faltered in Friday’s session as three of the indices in our review closed the day mixed. The All-Share Index
was the only faller in its horizon as it retreated 0.47% to close at 10925.40pts. Industrial Index gained 0.30% to end at
36274.33pts while, the ZSE Top Ten Index rose 0.65% to 6911.60pts. Microfinance group Getbucks led the laggards of
the day on a 9.86% decline to end pegged at $5.1833. The duo of banking groups in ZB and First Capital trimmed 9.09%
and 4.41% to settle at respective prices of $70.0000 and $3.4412 respectively. Cigarette manufacturer BAT shed 3.13%
to $3,100.0000 while, life assurer Fidelity capped the top five shakers of the day on a 3.12% retreat to $15.4980. The rarely
traded Zeco registered its first trade for the year after jumping 100% to $0.0096 on paltry 200 shares while, Turnall
extended 12.07% to $5.0000. Hotelier African Sun advanced 8.80% to $6.1543 while, fast foods group Simbisa put on
3.50% to settle at $100.0325, having traded an intraday high of $100.1500. NMB capped the top five winners of the day
on a 2.53% improvement to $11.2795.
Fallers of the day outnumbered gainers by a count of one, leaving the market with a negative breadth. Volumes of
shares traded tumbled 43.81% to 3.51m shares, yielding a turnover of $228.14m which was a 45.04% decline from prior
session. Anchoring the value outturn were Delta (24.48%), Econet (21.27%), Innscor (11.19%) and Meikles (10.01%). Top
volume drivers of the day were Econet, Zimre, OKZIM and Delta which claimed a shared 51.98% of the total. The Morgan
and Co ETF closed the day at $12.4000 after a 0.06% slip while, the Old Mutual ETF slid 0.11% to $4.5128. No trades were
registered on the VFEX. Elsewhere, Tanganda is expected to list on the ZSE on 3 February 2022 following the granting of
capital gains tax relief on 51.39% of the issued shares. Foreign purchases amounted to $12.52m while, sales stood at
$5.08m registering a net funds inflow position for the first time this year.
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