EFE Securities •

1 year ago •

Market Commentary

MARKET COMMENT 06.10.2023

ZSE swings back to gains …
The market rebounded in Friday’s session buoyed by selected heavies. The All-Share Index was 2.01% higher to close at 131,311.22pts while, the Top 10 Index rose 2.79% to 
58,887.93pts. The ZSE Agriculture added 1.86% to 516.32pts as the Mid Cap firmed up 0.54% to 516,621.42pts. CBZ Holdings Limited led the top five gainers with a 15.00% jump 
to $1,078.3500 while, Zimpapers was up 14.18% at $14.4432.Bankers’ duo of ZB Financial Holdings and FBC Holdings surged11.40% and 11.25% to end at $688.0000 and $890.0000 respectively. Hippo Valley Estates capped the top five risers’ set on a 11.09% lift to $1,833.0000. Ariston Holdings topped the losers after declining 3.22% to $34.0666, followed by Turnall Holdings that dropped 2.19% to $25.9000. Zimre Holdings eased 2.08% to $90.0821 as First Mutual Properties declined 1.64% to $120.0000. TSL completed the top five shakers of the day on a 1.57% fall to $500.0000. The market closed with a positive breadth of eight after fifteen counters recorded gains against seven that faltered.
Activity aggregates were depressed as volumes traded fell 34.77% to 3.84m shares while, turnover plummeted 60.92% to $892.49m. Volume leaders of the day were Ecocash Holdings(50.64%) and Mashonaland Holdings(26.52%). Delta led value category with a 39.81% contribution, followed by Ecocash Holdings (30.06%) and Mashonaland Holdings (14.27%). On the ETFs section, a total of 10,410 units worth $330,450.00 were traded as all the counters remained unchanged at their previous trading levels. The REIT lost 1.30% to finish at $230.0139 on 431,200 units.