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 27/10/2023

Published on 26 October 2023 • Equity Research

26 October 2023 Download Report (PDF)

ZSE closes week in the black …

The market ended the week in gains as the primary All Share Index rose 0.27% to 149,335.93pts while, the Blue-Chip Index added 0.41% to 65,634.77pts. The Agriculture Index edged up 1.40% to 537.17pts while, the Mid Cap Index lost a negligible 0.005% to 615,239.63pts. Brick manufacturer Willdale Limited headlined the winners of the day on a 15.00% jump to $20.7000, followed by seed manufacturer Seed Co Limited that surged 13.65% to $841.0000. ZBFH ticked up 7.59% to settle at $850.0000 while, Meikles Limited advanced 3.48% to $999.7854. RTG completed the top five best performers of the day on a 1.23% uplift to $135.0000. In contrast, Zimre Holdings Limited led the laggards of the day on a 6.25% slump to $100.0000 while, retailer OKZIM eased 2.82% to end the day pegged at $145.9316. Nampak retreated 2.63% to $336.5714 while, telecoms giant Econet dropped 0.53% to $498.8537. Clothing retailer Edgars capped the top five fallers of the day on a 0.47% slid to close at $95.3568. The market closed with a positive breadth of seven as ten counters recorded gains against three that faltered.

Activity aggregates declined in the session as volumes traded plummeted 31.42% to 5.01m shares while, value outturn succumbed 43.29% to $2.19bn. The top volume drivers of the day were Econet and OKZIM that contributed 53.86% and 38.78% respectively. The trio of Econet, Delta and OKZIM contributed 61.07%, 23.38% and 12.86% of the total value traded in that order. A total of 24,250 units worth $745,735.00 exchanged hands in the ETF section. MIZ ETF was the only gainer amongst its kind as it stepped up 2.68% to $6.9000 while, the other ETFS traded flat. The Tigere REIT was stable at $240.0000 as 69,143 units exchanged hands.

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