EFE Securities •

2 years ago •

Market Commentary

Market Comment - 06.09.2022

ZSE slips back to losses... The market slipped back into the red in Tuesday’s session as the All-Share Index faltered 0.29% to 13661.22pts while, the Top Ten Index was 0.50% weaker at 8149.18pts. The ZSE Agriculture Index lost a marginal 0.07% to 75.69pts with the Mid-Cap Index emerging as the only gainer on a 0.21% rise to 29235.53pts. Zimplow Holdings topped the laggards of the day after dropping 9.21% to $15.4336, followed by plastics manufacturer Proplastics Limited which shed 6.75% to $21.4469. Zimre Holdings decreased 5.69% to $4.6400 while, financial institution Getbucks succumbed 5.33% to close at $16.0000. Brick manufacturer Willdale capped the fallers’ list on a 5.00% retreat to $1.9000. Hotelier African Sun led gainers of the day as it soared 12.66% to $18.0000 as milk processor Dairiboard tripped 4.50% to $21.7360. Banking groups First Capital and CBZ Holdings went up 3.85% and 2.56% to see the duo close the day at respective prices of $8.6234 and $160.0000. Activity aggregates closed mixed as volume of shares traded retreated 65.15% to 3.01m while, turnover leapt 63.70% to $327.35m. Volume leaders of the day were OKZIM, Axia, Delta and Simbisa that claimed a combined 69.70% of the aggregate. Value leaders of the day were Delta (33.44%), Innscor (19.33%), Simbisa (14.37%) and Axia (10.00%). On the VFEX, Bindura traded 589,751 shares to close flat at USD$0.0309 while, Padenga rose 0.06% to USD$0.3402 on 7,156 shares. SeedCo International traded 228 shares to finish at the same price of USD$0.4000. The five ETFs traded a total of 1.85m units worth $3.09m. Datvest ETF improved 0.30% to $1.5000 as Morgan & Co went up 0.55% to $26.6453. The MIZ ETF trimmed 0.39% to $1.2451 while, Old Mutual ETF let go 0.10% to $5.6200, closing well offered at that level.