EFE Securities •

2 months ago •

Market Commentary

MARKET COMMENT 09.09.2024

NMB highlights Monday’s session…
Banking group NMB highlighted the session as 9.34m shares worth circa $18.25m exchanged hands in week opener. The trade accounted for 85.75% of the total volumes traded and 92.15% of the turnover. The other notable volume driver of the day was Ecocash that claimed 10.14% of the volumes and 4.28% of the value aggregates. Activity aggregates enhanced in the session as volume traded ballooned 431.47% to 10.9m shares while, value traded grew 400.48% to $19.8m. A total of 296,307 units exchanged hands in the ETF sector. Datvest ETF inched up 3.25% to $0.0300 while, Morgan & Co Multi Sector ETF stepped up 14.47% to settle at $0.6410. OMTT ETF slipped 0.35% to end the day pegged at $0.1395. The Tigere REIT went up 3.57% to end the day pegged at $0.9598. The Revitus Opportunities was stable at $0.8525 on 550 units.
Banking group FBC headlined the top performers of the day on a 15.00% jump to $6.5550, followed by First Mutual Holdings that went up 14.49% to close at $1.9300. RTG edged up 0.72% to $0.4601 while, beverage giant Delta charged 0.62% to $14.1409. Retailer OK Zimbabwe capped the top five performers on a 0.37% rise to end the day pegged at $0.8525. On the losing side was NMB that lost 14.99% to $1.9530, trailed by brick maker Willdale that tumbled 4.96% to $0.0380. Telecoms giant Econet fell 0.40% to $3.7184 while, ZB Financial Holdings capped the fallers of the day on a 0.26% retreat to $6.3336. The market closed with a positive breadth of four as ten counters recorded gains against four that faltered. The All Share Index added 1.18% to 202.92pts while, the Blue-Chip Index gained 1.58% to 212.60pts. The Agriculture Index put on a negligible 0.001% to 177.15pts while, the Mid Cap Index firmed up 0.29% to 167.48pts.