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MARKET COMMENT 04/10/2023

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Heavies drag down the market…  Losses in selected heavies weighed on the ZSE in midweek session to see their own Index drop 4.61% to 57,772.27pts. The All-Share Index retreated 2.93% to end at 128,802.84pts while, the ZSEAgriculture Index trimmed 0.21% to 510.95pts. On the contrary, the Mid Cap rose 0.59% to close at 505,930.12pts.

Written by EFE Research

MARKET COMMENT 03/10/2023

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Market charges ahead in the month opening session… The market continued to charge ahead in the new month as all the four indices we review closed pointing northwards. The All-Share Index surged 5.23% to settle at 133,270.45pts while, the Blue chip Index firmed up 7.80% to close at 60,971.85pts buoyed by Delta and OK Zimbabwe. The Mid-Cap Index rose by 0.94% to end at 502,702.38pts while, the Agriculture Index was up 0.18% to end pegged at 519.84pts. Banking group NMB headlined the gainers’ list of the day as it charged 15.00% to close at $247.9000, trailed by beverages giant Delta that advanced 14.85% to settle at $2,636.5281.

Written by EFE Research

MARKET COMMENT 29.09.2023

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The market ended the trading month on a positive note as the primary All Share Index rose 1.48% to 126,642.42pts while, the Blue-Chip Index added 1.79% to 56,560.21pts. The Agriculture Index ticked up 2.01% to 518.90pts as the Mid Cap Index grew 0.96% to 498,045.42pts. General Beltings headlined the winners of the day on a 15.00% jump to $11.5000, followed by Proplastics that climbed 14.68% to settle at $610.0000. Willdale advanced 10.62% to $10.0000 while, packaging group Nampak shored up 10.00% to end the day pegged at $220.0000.

Written by EFE Research

FML highlights the session…

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FML highlights the session… Insurance group First Mutual Holdings highlighted the session  after 25.34m shares worth circa $5.37bn traded. The trade accounted for 79.88% of total volumes exchanged and 66.02% of the value aggregate. Delta was the other notable value driver of the day with a 16.67% contribution. The volume  aggregate ballooned 2,482.75% to 31.87m while, market spend surged 1,637.51% to $8.14bn.

Written by EFE Research

Market Comment - 22.09.2023

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Nampak trade highlighted the week ending session after a block trade of 11m shares worth $2.20bn exchanged hands at a price of $200.0000. The trade accounted for 91.84% of the total volumes traded and 68.16% of turnover. The other notable value driver of the day was Delta that claimed 25.71% of the aggregate.

Written by EFE Research

ZSE retreats further…

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The market retreated further in the mid-week session as the Primary All Share Index lost 6.81% to 120,545.94pts while, the Blue-Chip Index fell 9.60% to 52,069.58pts. The Agriculture Index eased 3.42% to 498.30pts while, the Mid Cap Index shed 2.15% to 501,276.89pts. General Beltings led the laggards of the day on a 20.00% drop to $10.0000, followed by Mashonaland Holdings that declined 15.00% to settle at $136.0000.

Written by EFE Research

ZSE extends losses as selloff dominate…

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The market extended losses into the new week as sell-off in selected counters dominated across the board. The All-Share Index was 4.82% weaker at 136,334.43pts while, the Blue-Chip Index retreated 7.56% to settle at 64,139.51pts mainly weighed down by CBZ, Tanganda and Delta. The Agriculture Index retreated 2.88% to end at 545.96pts while, on the contrary, the Mid Cap Index was 0.76% up at 487,590.40pts. Banking group CBZ plunged 13.59% to close at $1,050.4154 as the market awaits the release of the group’s half year results. Sugar processor Star Africa dropped 12.83% to end at a VWAP of $5.2008. Tea producer Tanganda closed at $842.5500 following a 12.55% descent while, beverages giant Delta plummeted 10.50% to close trading at a VWAP of $2,661.3844. Seed producer SeedCo Limited capped the losers of the day as it parred off 10.00% to $765.0000.

Written by EFE Research

ZSE retreats further in mid-month session…

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The ZSE recorded losses in the mid-month session as selected heavies weighed down the market. The All-Share Index was 0.60% weaker at 143,231.12pts while, the Top 10 Index dropped 0.97% to 69,387.77pts. The ZSE Agriculture Index lost 0.75% to end at 562.15pts. The Mid Cap was the only gainer of the day amongst the indices we review after adding 0.18% to 483,899.13pts. Econet led the decliners of the day on a 9.56% retreat to $534.7779. Following was seed producer Seed Co Limited that shed 5.56% to $850.0000. Tea company Tanganda slid 2.80% to finish at $963.4615 while, Zimre Holdings Limited was 0.59% softer at $85.2426. Retailers OK Zimbabwe capped the losers of the day on a 0.18% slip to $140.0446. Partially offsetting today’s losses were General Beltings Holdings which ticked up 2.92% to $12.3500, milk processor Dairibord that stepped up 2.81% to end at $544.8790. Sugar refiner Star Africa rose 2.64% to settle at $5.9664 as Delta scaled up 0.74% to $2,973.5038. Property concern Mashonaland Holdings Limited completed the top five gainers’ set after a 0.70% rise to $154.9868. The market closed with a positive breadth of two as ten counters gained against eight losers.

Written by EFE Research

ZSE extend losses in Thursday’s trades…

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The ZSE continued to falter in the penultimate session of the week as demand began to wane in selected counters across the board. The All-Share Index lost ground for the second consecutive session as it parred off 0.18% to 144,089.45pts while, the Blue-Chip Index eased 1.21% to 70,070.23pts. The Agriculture Index lost 2.18% to close pegged at 566.40pts while, on the contrary the Mid Cap Index gained 2.09% to settle at 483,020.29pts. Sugar processor Hippo led the laggards of the day as it plummeted 9.68% to close at $1,806.4125, trailed by milk processor Dairibord that plunged 5.45% to settle at $530.0000. Turnall closed the day pegged at $17.0000 following a 5.33% descent while, beverages giant Delta succumbed 5.32% to close at a vwap of $2,951.5253. Retailer OK Zimbabwe plunged 3.56% to close at $140.2986 as it capped the top five worst performers of the day.

Written by EFE Research

ZSE slips into the red in mid-week session…

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ZSE retreated in mid-week session as selected heavies weighed down the market. The mainstream All-Share Index dropped 0.75% to 144,351.25pts while, the ZSE Top Ten Index fell 1.11% to 70,931.96pts. The ZSE Agriculture Index was 1.44% lower at 579.03pts while, the Mid Cap Index was the only gainer amongst the indices we review as it added a marginal 0.02% to finish at 473,141.78pts. Leading the top five gainers of the day was CBZ Holdings that surged 14.97% to $1,057.7987 having traded an intraday high of $1,058.05. Ecocash Holdings jumped 14.51% to close at a vwap of $161.4942. First Mutual Properties soared 13.27% to $125.0512 while, hotelier Meikles Limited grew 7.18% to end at $803.9043. Spirit and wines manufacturer AFDIS capped the top five risers’ set as it advanced 3.04% to $1,855.0000.

Written by EFE Research

Bullish sentiment prevails…

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The market maintained a bullish sentiment as the primary All Share Index jumped 5.62% to 145,437.37pts while, the Blue-Chip Index climbed 6.80% to 71,725.12pts. The Mid Cap Index rose 3.31% to 473,032.07pts while, the Agriculture Index grew 1.06% to 587.51pts. Zimre Holdings Limited headlined the winners of the day on a 15.00% surge to $74.7500 while, RioZim firmed up a similar 15.00% to settle at $690.0000. Banking group NMB advanced 14.97% to close pegged at $184.0500 while, plastic manufacturer Proplastics jumped 14.89% to $531.9000. Turnall Holdings capped the top five gainers list of the day on a 12.23% uplift to end pegged at $17.9565. In contrast, milk processor Dairibord led the laggards of the day on a 6.26% slump to $560.0000, followed by retailer OKZim that eased 0.51% to $144.2768. Fintech group Ecocash Holdings completed the losers’ pack on a 0.47% decline to settle at $141.0352. The market closed with a positive breadth of seventeen after twenty-one counters registered gains against four that faltered. Foreign purchases were $600,000.00 while no foreign sales were recorded for the day.

Written by EFE Research

ZSE maintains a positive momentum…

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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.

Written by EFE Research

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