EFE Securities •

2 years ago •

Market Commentary

Market Comment - 07.12.2021

ZSE advances in Tuesday's session... The market stretched gains in the second day of the week as all the four benchmark indices under our review closed pointing northwards. The Primary All Share Index was 0.61% stronger at 10961.73pts as the Industrial Index edged up 0.58% to close at 36225.93pts. The Mining Index gained 3.02% to 7841.59pts while, the Top 10 Index grew 0.37% to close at 6934.1pts. Topping the gainers’ list was National Tyre Services which surged 16.67% to settle at $6.3000, followed by TSL Limited that went up 13.33% to end at $85.0000. Construction group Masimba Holdings increased by 11.00% to $55.5000 as Zimre Holdings stepped up 10.95% to $3.98000. Fast foods retailer Simbisa Brands completed the top five winners’ set as it advanced 6.63% to $85.4889. Seventeen counters faltered as thirteen improved leaving the market with a negative breadth of four. Banking group NMB was the major casualty of the day on a 10.76% fall to $9.8163 while, Zimpapers trailed on a 6.67% slip to $2.8000. Zimplow Holdings lost 4.43% to $22.9375 as hotelier Rainbow Tourism Group succumbed 2.75% to $4.2500. Mashonaland Holdings capped the top five losers on a 2.06% decline to $4.0500. Aggregates were depressed as volumes of shares traded dropped 59.21% to 1.94m while, value outturn was 52.72% weaker at $140.12m. Econet and Delta emerged the top traded stocks dominating the value and volume category as the duo claimed 85.48% of the former and 55.21$% of the latter. Other notable volume drivers were Star Africa and OKZim with respective contributions of 13.82% and 11.94%. The Old Mutual ETF remained unchanged at $5.0000 as 32,695 units exchanged hands while, no trades were recorded on the VFEX.