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%)
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Market Commentary

MARKET COMMENT 13/10/202/23

Published on 12 October 2023 • Equity Research

12 October 2023 Download Report (PDF)

ZSE eked out gains…

The market recorded marginal gains in the week ending session as the primary All Share Index inched up 0.10% to 138,620.74pts while, the Blue-Chip Index rose 0.08% to 61,119.06pts. Contrastingly, the Mid Cap Index lost 0.63% to 566,226.72pts while, the Agriculture Index eased 0.001% to 510.48pts. Clothing retailer Truworths headlined the top performers of the day on a 11.40% jump to $26.7359 followed by milk processor Dairibord that firmed up 9.90% to settle at $460.0000. Masimba Holdings climbed 9.83% to $800.0000 while, RTG edged up 6.15% to end the day pegged at $138.0000. Ariston capped the winners pack on a 5.17% uplift to close at $31.5500. TSL led the laggards of the day on a 9.73% drop to $450.3502 while, banking group FBC declined 6.21% to settle at $750.3086. Life insurers First Mutual Holdings retreated 5.31% to $355.0783 as Turnall plunged 1.11% to close at $26.2068. Cigarrete manufacturer BAT completed the fallers list of the day on a 0.0003% slid to end the week pegged at $14,949.9500. The market closed with a positive breadth of seven as thirteen counters registered gains against six that faltered.

 

Activity aggregates were enhanced in the session as volumes ballooned 22.15% to 1.97m shares while, turnover grew 2.33% to $1bn. The top volume drivers of the day were FML (20.41%), OkZim (14.24%), Delta (12.34%) and Nampak 11.70%. The trio of Delta, FML and Econet contributed a combined 77.54% of the value outturn. Other top value drivers were Nampak (7.77%) and TSL (5.35%). A total of 13,103 units exchanged hands in the ETF section. MIZ ETF and Morgan & CO Multi Sector ETF added 1.49% and 0.40% to $7.9000 and $253.0000 respectively. OMTT ETF exchanged 9,550 units flat at $30.0000.  The Tigere REIT fell 4.98% to end the week at $230.0215 trading 213,872 units in the week closing session.

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