Research

ZSE commences new month in the black…

The ZSE commenced the new month in gains after the All-Share Index jumped 2.35% to 122,199pts while, the Blue-Chip Index surged 3.71% to 56,448.75pts. The Agriculture Index rose 0.27% to 611.43pts while, the Mid Cap Index grew 0.17% to 450,491.88pts.

Written by EFE Research

Market Commentary 2023-09-04

The ZSE swung back into losses in Monday trades as the President-elect was sworn in for the second and final term. The four indices we review closed in the negative with the All-Share Index retreating 0.19% to settle at 121,965.73pts while, the Top 10 Index was 0.21% weaker at 56,329.18pts. The ZSE Agriculture Index parred 2.02% to close at 599.09pts as the Mid Cap Index eased 0.16% to end pegged at 449,767.75pts. Seed producer, SeedCo Limited was the worst performers of the day as it declined 11.36% to $1,000.0000 while, retailer OK Zimbabwe gave up 7.75% to $120.1489 on waning demand.

Written by EFE Research

FML block trade highlights today’s activity aggregates…

FML block trade highlighted today’s activity aggregates, claiming 90.40% of the volumes exchanged and 72.86% of the turnover. The trade represented 2.09% of the company’s listed market capital. The other notable value driver in the session was Econet that claimed 13.48% of the total. Activity aggregates enhanced in the session as volumes traded ballooned 862.96% to see 16.96m shares worth $4.09bn exchange hands. Two ETF’s registered trades in the session, with the Old Mutual Top Ten advancing 0.23% to settle at $21.5000. The Cass Saddle Agriculture ETF was stable at $7.2500 as 7,000 units traded. A total of 7,890 units worth $69,885.00 traded while, the Tigere REIT was 1.75% up at $203.9920 .

Written by EFE Research

ZSE rebounds as First Mutual Limited highlights the mid-week session…

The market rebounded in the mid-week session as insurer First Mutual Holdings Limited claimed 99.30% of the volume traded and 94.55% of the value outturn. The primary All-Share Index edged up 1.01% to 122,959.61pts while, the Blue-Chip Index rose 1.43% to 56,857.63pts. The Mid-Cap Index firmed up 0.29% to 452,566.92pts while, the Agriculture Index was the sole loser amongst the indices we review as it shed 0.11% to 593.25pts. Brick manufacturer Willdale Limited headlined the top performers of the day on a 63.96% surged to close at $5.5000, followed by retailer OKZim that jumped 6.34% to $140.1107.

Written by EFE Research

ZSE maintain gains…

The market maintained prior session gains as the primary All Share Index rose 2.22% to 125,683.40pts while, the Mid Cap Index climbed 0.56% to 455,104.50pts. The Blue-Chip Index edged up 3.16% to 58,655.31pts while, the Agriculture Index declined 0.23% to 591.89pts. Construction group Masimba Holdings headlined the positive movers of the day after a 15.00% jump to settle at $517.9000, followed by CBZ holdings that ticked up 14.99% to $737.7500. Meikles inched up 6.31% to $750.0214 while, beverages giant Delta closed at $2,301.6874 following a 4.36% ascent on firming demand.

Written by EFE Research

ZSE swings back to losses…

The market closed the week in gains as the All-Share Index significantly moved from prior session adding 4.08% to 130,812.47pts while, the ZSE Top Ten Index was 5.81% firmer at 62,062.50pts. The Mid Cap Index rose 0.98% to 459,558.89pts while, the ZSE Agriculture Index improved 0.11% to finish at 592.55pts. Leading the risers of the day was First Mutual Properties which soared 15.00% to $110.4000, followed by construction group Masimba Holdings that surged 14.99% to $595.5500. Delta Beverages advanced 10.26% to $2,537.8366 while, Ecocash Holdings ticked up 10.01% to $152.2414

Written by EFE Research

ZSE maintains a positive momentum…

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

Bullish sentiment prevails…

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 slips into the red in mid-week session…

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

ZSE extend losses in Thursday’s trades…

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 retreats further in mid-month session…

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 extends losses as selloff dominate…

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 extend gains for the fifth week in a row…

The ZSE extended gains for the fifth consecutive week despite liquidity constraints, to see the primary All Share Index garner 9.49% to settle at 143,231.12pts. The Blue-Chip Index was the best performer of the week among its kind as it rose 11.80% to 69,387.77pts anchored by demand in CBZ, Delta and Econet. The Industrial Index firmed up 9.34% to close at 459,844.11pts as the Mid Cap Index grew 5.30% to end at 483,899.13pts. Meanwhile, Property concern Mashonaland Holding release their HY23 results in which they reported a PAT of $236.43bn and, declared a hybrid dividend of US0.00761 Cents and ZW$0.1535.

Written by EFE Research

ZSE retreats further…

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

Market Comment - 22.09.2023

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

Delta Earning Update

Strong demand in lager and sorghum beer beverages drove  volumes up 12% to see revenue rise by 60% to close at  $536.92bn. Operations improved in the year under review as  EBITDA and operating profit surged by an identical 29% to  close at $99.79bn and $112.60bn respectively. The group  reported that they are generating 67% of their revenue in US  Dollars giving them a buffer on imported raw materials.

Written by EFE Research

Weekly Report - 01.09.2023

The ZSE recorded marginal gains in the closing week of August on depressed trading activity as many players remained sceptical about the political environment. The All Share Index advanced 0.88% to 122,199.15pts while, the Industrial Index inched up 0.78% to 392,994.91pts. The Mid Cap index was the major gainer amongst the Indices we review as it garnered 5.69% to 450,491.88pts while, on the contrary the Blue-Chip Index declined 1.53% to 56,448.75pts. Elsewhere, financial and banking institutions released some good sets of HY23 results, with major highlights coming from FBC, ZB Bank and NMB as they reported inflation adjusted profits of $365.99bn, $678.46bn and $194.94bn respectively.

Written by EFE Research

Weekly Report 04.10.2010

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EFE Reseach - Weekly Report 01.11.10

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Weekly Market Review

Written by EFE Research