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-2024-02-29

Published on 28 February 2024 • Equity Research

28 February 2024 Download Report (PDF)

ZSE ends month in black…

The market ended the month of February in the black as the primary All Share Index gained 1.71% to 525,570.76pts while, the Blue-Chip Index added 2.05% to 235,643.91pts. The Agriculture Index put on 0.38% to 1,401.85pts while, the Mid Cap Index firmed up 0.57% to 2,092,048.38pts. Zeco Holdings topped the winners list of the day on a 13.00% jump to $0.0452 followed by fintech group Ecocash Holdings that surged 9.74% to $669.0000. Nampak stepped up 9.43% to $487.4600 while, milk processor Dairibord advanced 5.07% to settle at $1,050.6667. Retailer Okzim capped the top five performers of the day on a 3.56% uplift to end the day pegged at $600.0000. Contrastingly, Proplastics led the laggards of the day on a 3.55% slid to $1,350.0000 while, Meikles lost 1.22% to $2,422.5000. Banking group CBZ Holdings declined 0.63% to $7,900.0000 while, Star Africa retreated 0.33% to close at $8.2775. Seed producer Seed Co completed the top five fallers list of the day on a 0.01% drop to end the day pegged at $2,350.1822. Ten counters recorded gains against eight that faltered to leave the market on a positive breadth of two.

 

Activity aggregates enhanced in the session as volume traded ballooned 91.83% to 1.3m shares while, value traded grew 407.04% to $3.11b. The top volume drivers of the day were Econet (44.40%), Ok (16.48%) and SeedCo (15.23%). The trio of Delta, telecoms giant Econet and SeedCo contributed a combined 93.04% to the total value traded.  OMTT ETF shot up 4.89% to $91.4246 while, MIZ ETF advanced 5.26% to end the month pegged at $20.0000. Morgan and Co Multi Sector ETF and Datvest ETF inched up 0.82% and 0.30% to close at $615.0000 and $18.5556 respectively. Tigere REIT went up 2.46% to end the month pegged at $614.7992 after 31,409 units exchanged hands in the last session of the month. 

 

 

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