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

ZSE maintains a positive momentum…

Published on 10 September 2023 • Equity Research

10 September 2023 Download Report (PDF)

The ZSE maintained a positive momentum in the opening session of the week as demand for selected heavy cap counters continued to surge. The All-Share Index soared 5.26% to settle at 137,693.93pts while, the Blue-Chip Index advanced 8.21% to close at 67,156.25pts buoyed by gains in Delta, CBZ and Hippo. On the contrary, the Mid Cap Index shed 0.37% to 457,858.52pts while, the Agriculture Index reversed prior session’s gains as it dropped 1.89% to 581.36pts. Top capitalised stocks Delta and CBZ led the gainers of the day as the duo garnered 15.00% to see the former settle at $2,918.5000 and the latter at $920.0500, as demand continued to outstrip supply in the names. Construction group Masimba Holdings was up 14.99% to close pegged at $684.8500 while, brick makers Willdale close the day pegged at $6.2500 following a 13.64% ascent. Insurance group First Mutual Holdings fastened the top five gainer’s list of the day on a 10.02% addition to $211.2360.

A total of seventeen counters exchanged hands, segregated into eleven gainers, five losers and one that sailed stable. Partially offsetting today’s gains were dairy producers Dairibord that succumbed 14.64% to $597.3903, followed by fintech company Ecocash that eased 6.92% to $141.7070. Cigarette manufacturer BAT parred off 3.83% to settle at $17,238.4021 while, seed producer SeedCo Limited capped the top five loser’s list on a 1.01% descent to $989.9284. Activity aggregates enhanced in the session as volumes traded jumped 467.31% to 4.03m shares while, turnover ballooned 652.29% to see $3.44bn exchange hands. Dairibord and Delta were the most active stock in the session as they contributed a combined 72.36% of the volume and 80.73% of the turnover. The other notable volume leader of the day was Econet with a 13.87% contribution to the aggregate. Only two funds amongst the ETFs’ registered price movements in the session as 60,429 units worth $1.17m traded. Morgan & Co Made in Zimbabwe was 14.87% up at $7.2600 while, the Old Mutual Top 10 scaled up 0.51% to $21.6101.

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