EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT

ZSE stretches gains…

ZSE gains stretched into Tuesday’s session as gains in selected heavies drove the market. The mainstream All Share Index edged up 1.49% to close at 193.64pts while, the ZSE Top Ten Index charged 1.84% to end at 193.64pts. The ZSE Agriculture Index grew 2.46% to 163.61pts while, the Mid Cap Index rose 0.58% to 223.38pts. Proplastics headlined the winners of the day on a 14.26% jump to $0.9713, trailed by Zimre Holdings that surged 13.72% to $0.2900. Cigarette makers BAT enhanced 11.11% to settle at $80.0000 while, Star Africa improved 4.52% to $0.0299. Retailer OKZIM added a 3.12% to close the day at $0.3300. Trading in the negative was financial services group ZB dropped 9.09% to $4.0999 as Ariston succumbed 3.30% to $0.0580. Banking group FBC lost 0.23% to $7.4700 while, property concern FMP lost 0.11% to $0.9978. SeedCo Limited capped the top five losers of the day on a 0.08% to $3.2174. 

Volume traded went up 23.87% to 1.54m as turnover declined 4.14% to $1.71m. Star Africa claimed the lion’s share of 82.30% of the total volumes traded. Delta was the top turnover driver of the day as it accounted for 70.47% of the aggregate. The Cass Saddle and the Morgan and Co MCS ETF were the two funds that recorded trades as a total of 980 units worth $174.15. The Tigere REIT trimmed 0.24% to $1.1467 on 3,681 units while, the Revitus REIT was stable at $0.9000 on 1,690 units.