EFE Securities •

1 year ago •

Market Commentary

FML highlights the session…

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. Leading the market  charge was Truworths that soared 100.00% to $20.0000. Trailing was Zimpapers which put on 15.00% to $12.6500 post the release of their HY23 results in which revenue increased by 59% to $40.72bn. Beverages giant Delta jumped 9.97% to close at $2,242.5821 while, retailer OKZIM edged up 7.50% to $129.9743. Dairibord capped the top five risers of the day on a 4.76% lift to $507.6931. Partially offsetting today’s gains were losses in FML that trimmed 14.92% to $211.0034. Proplastics shed 11.35% to trade at $531.9000 as Mashonaland Holdings slipped 8.85% to $125.0000. Zimre Holdings Limited declined 0.31% to $85.0000 as agriculture concern Ariston retreated 0.15% to $31.9516.The mainstream All Share Index added 2.35% to close at 124,796.22pts while, the ZSE Top Ten Index gained 4.92% to 
55,562.91pts. The Agriculture Index was up 0.73% at 508.69pts while, contrastingly the Mid Cap Index dropped 1.88% to 493,289.60pts. In the ETF section, a cumulative of 
13,683 units worth $274,041.00 exchanged hands. The Datvest MCS advanced 10.00% to $6.6000 while, the Old Mutual ETF ticked up 8.85% to $29.0000. The Tigere REIT declined 6.57% to $227.4062 as 31,594 units worth $7.18m traded.