EFE Securities •

5 months ago •

Company Papers

MARKET COMMENT 07.06.2023

ZSE retreats in week ending session…  
The market retreated in the week ending session as the 
primary All Share Index lost 0.68% to 106.10pts while, the 
Blue-Chip Index eased 0.63% to 108.94pts. The Agriculture 
Index fell 1.88% while, the Agriculture Index inched up 0.80% 
to 105.28pts. Proplastics led the laggards of the day on a 
15.00% decline to $0.3740 followed by cigarette manufacturer 
BAT that dropped 11.38% to close at $22.0000. Telecoms giant 
Econet tumbled 9.91% to $1.8113 while, tea producer 
Tanganda retreated 7.39% to $1.4500. Zimre Holdings Limited 
capped the worst performers of the day on a 7.08% slid to end 
the day pegged at $0.3154. Partially mitigating today’s losses 
was Star Africa that surged 22.19% to settle at $0.0083 while, 
fintech group Ecocash Holdings notched up 11.96% to 
$0.2000. Brick manufacturer Willdale Limited added 11.23% to 
$0.0450 while, Nampak stepped up 11.04% to close at 
$0.4431. Milk processor Dairibord completed the top five 
winners of the day on a 9.50% uplift to end the day pegged at 
$0.8000. The market closed with a positive breadth of five 
after twelve counters recorded gains against seven that 
faltered.