EFE Securities •

2 years ago •

Market Commentary

Market Comment - 04.04.2022

ZSE ekes out gains in week opener... ZSE recorded marginal gains in week opener as the All-Share Index rose 0.47% to end pegged at 53476.77pts while, the Industrial Index put on 0.54% to end at 16185.27pts. The ZSE Top Ten Index enhanced 0.30% to 26673.32pts while, the Mid Cap Index added 1.29% to close at 26673.32pts. Leading the gainers’ pack was mining house RioZim that garnered 20% to settle at $66.0000 on a scrappy 100 shares. Cable manufacturers Cafca jumped 16.28% to close at its YTD high of $250.0000 while, property concern FMP swelled 9.29% to $12.0219. Axia ticked up 8.51% to $78.1250 while, banking group First Capital capped the top five winners of the day after surging 6.01% to settle at $5.0884. Fallers of the day were led by Medtech that dipped 16.19% to $17.6000, trailed by Zimpapers that trimmed 11.70% to $2.3496. Packaging group Nampak shed 5.33% to $13.7750 while, Dairibord retreated 3.97% to $34.5714. Completing the top five shakers of the day was Zimre Holdings that let go 2.28% to $4.0970. The market closed with a negative breadth of one as eighteen counters lost ground against seventeen that gained. Activity aggregates were mixed in Monday’s session as volumes dropped 43.39% to 2.16m while, turnover was up 94.38% to $313.52m. Delta was the top traded stock by volume and value as the beverages group claimed 30.33% of the latter and 50.29% of the former. Other notable value drivers of the day were SeedCo Limited, Econet and Meikles that claimed a combined 29.52% of the outturn. On the VFEX, Bindura was 7% up to close at $0.0535 as 256,093 shares worth $13,702.95 exchanged hands. Datvest and Old Mutual ETFs declined 0.52% and 1.16% to end pegged at $1.8981 and $8.3721 apiece. Morgan and Co ETF gained 1.69% to $14.8339 on 1,800 shares.