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 -2024-01-22

Published on 21 January 2024 • Equity Research

21 January 2024 Download Report (PDF)

The market extended its winning streak in the week opening session as the primary All Share Index rose 10.82% to 366,103.90pts while, the Blue Chip Index grew 12.23% to 168,905.91pts. The Agriculture Index firmed up 9.38% to 885.99pts while, the Mid Cap Index added 4.91% to 1,199,007.49pts. The market recorded a similar 15.00% jump to the top five counters.  Clothing retailer Edgars and construction company Masimba Holdings surged 15% to close at $184.0000 and $1,783.2000 respectively. Milk processor Dairiboard and NMB also gained an identical 15% to settle at $920.0500 and $976.0500 respectively. Beverage giant Delta capped the winners of the day on a similar 15% hop to end the day pegged at $7,621.2918.  Contrastingly, insurer FML led the laggards of the day on a 3.37% slid to $1,100.0000 while, Zimre slipped 0.85% to $172.2901. Brick manufacturer, Willdale eased 0.21% to close at $46.0000 while, Ariston completed the fallers of the day on a 0.06% drop to $46.9698. Twenty-four counters recorded gains against four that faltered to leave a positive market breadth of twenty.

 

Activity aggregates enhanced in the session as volume traded ballooned 10.92% to 4.43m shares while, turnover grew 90.36% to $6.99b. Star Africa, Econet, Delta and Proplastics contributed a combined 82.23% to the total volume traded. The top value drivers of the day were Delta (57.71%), Econet (30.07%), Proplastics (3.37%) and SeedCo (2.09%).  There was remarkable activity on the ETF section where 1.88m units exchanged hands in the session. Cass Saddle ETF inched up 0.03% to settle at $6.3319 while, Datvest ETF edged up 0.35% to $12.0425. OMTT ETF stepped up 2.84% to close at $51.3965 while, Morgan and Co Multi Sector ETF trimmed 0.02% to end the day pegged at $51.3965. Tigere REIT notched up 2.76% to $429.0000 after 56,705 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