Market Comment - 19.07.2022

Special bargain in Hippo highlights the session... A Special bargain in Hippo highlighted Tuesday''s trading session as a total of 19.3m shares worth $4.08bn exchanged at a negotiated price of $211.0000. Resultantly, the sugar manufacturer claimed 78.74% of the total volumes traded and 89.19% of the value outturn. Turnover for the day soared 6753.09% to $4.58bn while, volumes of shares traded surged 2899.49% to 24.56m. Foreign inflows amounted to $4.08bn against outflows of $4.09bn to leave the market with a net funds outflow position. Topping the laggards’ set was First Mutual properties and Cafca that dropped a similar 15.00% to close at $6.4600 and $221.0000 apiece. Spirit and wines manufacturer AFDIS shed 14.84% to $332.9500 while, Zimre Holdings retreated 13.15% to $3.9084. Ecocash Holdings capped the top five losers of the day on a 11.67% loss to $51.4757. Partially mitigating today’s losses were gains in RTG that jumped 14.89% to $9.8000. Willdale and National Foods added an identical 11.73% to close at respective prices of $2.0000 and $1800.0000. Turnall advanced 5.00% to $4.2000 as Agric-concern Ariston completed the top five winners of the day after a 3.69% uplift to $2.2083. The primary All-Share Index slipped 1.09% to 16040.97pts while, the Top Ten Index let go 0.61% to 9872.43pts. The Mid-Cap Index came off 2.15% to 32173.32pts as the ZSE Agriculture Index went up 2.57% to 92.12pts. Bindura succumbed 20.00% to USD$0.0280 on 100 shares while, Padenga firmed up 0.17% to USD$0.3005 on 709 shares. On the ETF market, Cass Saddle improved 0.49% to finish at $1.3265. Datvest declined 2.43% to $1.6872 with Morgan & Co MIZ retreating 1.64% to $1.2005 while, the Old Mutual ETF fell 1.26% to $9. 0700.