EFE Securities •

2 years ago •

Market Commentary

Market Comment - 05.01.2022

ZSE recovers in midweek trades... The market recovered in midweek session as the All-Share Index put on 0.52% to 10901.94pts while, the segregated Industrials added 0.60% to 36056.20pts. The blue-chips Index was up 0.63% at 6850.02pts. Property concern FMP topped the gainers’ list on a 11.52% uplift to $7.5000, trailed by brick manufacturers Willdale that advanced 9.37% to $3.6969. Apparel retailer Edgars rose 5.98% to close at $4.8750 while, Axia grew 4.94% to $37.0089. Wines and spirits manufacturer Afdis gained 3.30% to settle at $125.0000. Fallers of the day were led by Zimre Holdings that shed 7.86% to $3.3633, followed by packaging group Nampak that let go 7.75% to $11.0000. Mashonaland Holdings retreated 6.91% to end pegged at $2.9956 as logistics group Unifreight trimmed 4.24% to $27.7692. Getbucks was the least top five faller of the day on a 4.17% loss to $5.7500. Thirty-nine counters registered trades on the bourse distributed into twenty-six risers, twelve fallers and one that sailed stable as the market recorded a positive breadth of fourteen. Activity aggregates were mixed in the session as volume of shares traded pared 16.04% to 2.08m while, turnover improved 15.75% to $147.78m. Top volume drivers of the day were Econet, Star Africa and Delta which claimed a combined contribution of 61.77% of the volume aggregate. Econet and Delta anchored the value aggregate of the day with a respective contribution of 35.26% and 31.81% of the outturn. Bindura registered its first trade on the VFEX of a mere 21 shares worth USD$1.1550 while, Padenga went up on a negligible 0.05% to close at $0.2101 on 2,200 shares. Morgan and Co ETF jumped 12.56% to $12.3566, having traded 1.06m units while, Old Mutual ETF extended 1.50% to close at $4.5053.