EFE Securities •

3 years ago •

Market Commentary

Market Comment -04.02.2021

ZSE charge continues in Thursday trades… The market capped another rising session in Thursday trades as bulls continued their charge on the ZSE. There were thirty-seven active stocks in the session distributed into twenty-five bulls, seven shakers and five which sailed stable. The primary All Shares Index charged 4.01% to 3905.77pts while, the Top Ten Index charged 4.37%. The market spend at $105.86m was 114.21% up on the prior session with top trades being seen in Delta, First Mutual Holdings and First Banking Corporation accounting for a combined 68% of the aggregate. Volumes of the day enhanced 2.46% on yesterday to 6,775,928 shares driven by First Mutual, Star Africa and Delta with respective contributions of 20.05%, 15% and 12%. Leading the market charge was ProPlastics that rose 19.88% and settled at $19.9000 as demand piled up while, Unifreight followed on a 19.81% gain and closed the session at $0.9525. Ariston surged 19.12% to $2.2383 with the duo of ART and Truworths completing the top gainers on rises of 18.52% and 12.29%. Meanwhile, the seven shakers were led by property group Dawn which succumbed 4.82% to $0.4125 as CBZ followed having slipped 1.30% to $103.5459. Masimba and FBCH were down 1.21% and 0.58% respectively while, Medtech completed the shakers on 0.34% drop.