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 07.12.2023

Published on 06 December 2023 • Equity Research

06 December 2023 Download Report (PDF)

ZSE extends gains…

The market extended previous session’s gains as the primary All Share Index rose 0.91% to 193,303.47pts while, the Blue-Chip Index edged up 1.24% to 82,202.57pts. The Agriculture Index added 0.46% to 605.51pts while, the Mid Cap Index gained 0.26% to 851,766.93pts. Banking group CBZ Holdings led the winners of the day on a 14.48% jump to close at $2,400.0000, followed by hotelier Meikles Limited that firmed up 3.06% to $1,346.0000. Sugar processors Hippo Valley climbed 2.42% to $1,900.0000 while, Zimre Holdings shot up 0.97% to settle at $181.7391. Tea producer Tanganda capped the top five best performers of the day on a 0.84% uplift to end the day pegged at $958.0000. On the contrary, fintech group Ecocash Holdings lost 3.19% to settle at $116.2339 while, seed producer Seed Co Limited slipped 0.58% to $860.0000 despite recording a revenue jump of 101.11% to $59.71m. Telecoms giant trimmed 0.56% to settle at $719.0361 while, beverages giant Delta dropped 0.48% to end the day pegged at $3,492.1422. Banking group FBC completed the laggards of the day on a 0.18% slid to close at $955.0000. Six counters recorded gains against nine that faltered to leave the market with a negative breadth of three.

 

Activity aggregates enhanced in the session as volume traded ballooned 60.90% to 2.26m shares while, value traded grew 88.41% to $2.34bn. Proplastics and Delta dominated the volume and value aggregates as they claimed a shared 83.41% of the former and 92.25% of the latter. A total of 52,182 units exchanged hands in a session which saw Cass Saddle ETF, Datvest ETF and MIZ ETF trade flat at $7.5000, $9.0000 and $9.5000 apiece. OMTT ETF declined 0.19% to end the day pegged at $34.4313. The Tigere REIT went up 0.01% to $299.4366 as 6,157 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