Market Comment- 20.12.2021

Market falters in week opener ...The market continued falter for the eighth consecutive session, with all the indices we review closing the day in the red. The All-Share Index was 0.39% down to 9876.43pts while, the segregated Industrials lost a similar 0.39% to close at 32612.01pts. The Top Ten Index shed 0.28% to 6119.84pts as Delta and Innscor continued to wane. Hotelier Rainbow Tourism Group led the laggards of the day as it lost 14.29% to close at $6. 0000. Banking duo in FBC and CBZ bank trailed behind as they eased 6.77% and 5.13% with the former closing at $31.0000 and the later at $71.1423. Packaging group Nampak went down 5.02% to $9.4977. Insurance group First Mutual Holdings capped the top five fallers list on a 5.00% fall to $19.0000. Headlining the gainers of the day was First Capital bank that surged 17.01% to $3.5154, followed by engineering group Zimplow that rose 12.15% to $24.0000. Sugar refinery Star Africa was 6.98% firmer at $1.2007 while, Ariston Holdings advanced 6.29% to $3.7200. Fast foods producer Simbisa capped the top five gainers list on a 6.05% gain to $86.1329. A total of twenty-seven counters registered price movements distributed into eleven gainers and sixteen fallers. Activity aggregates improved as volumes of shares traded went up 187.50% to 5.69m while, turnover jumped 40.07% to $149.1m. Nampak led the volume leaders of the day as it claimed 66.24% of the aggregate to leave other counters competing for the remaining 33.24%. Trio Delta, Nampak and Innscor led the value drivers of the day as they claimed a combined 79.31% of the turnover. The Old Mutual ETF added 6.93% to trade at $5.3141 as 2,846 units worth $15,123.8000 exchanged hands while, no trades were recorded on VFEX in Bindura maiden listing on the bourse. Foreign buys stood at $57,603,649.20 for the day while, foreign sales slid 92.20% to $718,748.000 leaving a net funds inflow position.