EFE Securities •
2 years ago •
Market Commentary
Market Comment - 10.05.2022
Mashonaland Holdings highlights trading session... Mashonaland Holdings highlighted the activity aggregates as 38.06m shares worth $152.24m exchanged hands. The trade accounted for 95.65% of total volumes traded and 45.52% of turnover. Other notable value drivers were FBC (12.24%), Econet (8.59%), Simbisa Brands (7.08%) and Ecocash (7.01%). Volume of shares traded ballooned 4660.62% to 39.80m while, value outturn jumped 108.39% to $335.03m. Declining stocks outnumbered risers by a count of seventeen, leaving the market with a negative breadth. Leading the losers of the day was tea company Tanganda which reversed prior session’s gains on a 14.82% dip to $232.1524 while, First Mutual Properties shed 14.55% to $8.2099. Life assurer Fidelity trimmed 14.29% to $18.0000, as TSL followed on a 12.88% loss to trade at $115.0000. ART completed the top five losers of the day as it shrunk 12.00% to end pegged $22.0000. The day’s top five winners were led by Medtech Holdings which advanced 11.11% to close at $22.0000. Trailing was media group Zimpapers that surged 10.01% to end pegged at $6.5893. The duo of hoteliers Rainbow Tourism and African Sun rebounded 6.35% and 2.59% to close at respective prices of $7.4444 and $11.9972. Clothing retailers Edgars capped the top five risers’ list as it put on 2.03% to finish at $5.8667. The primary All-Share Index dropped 3.78% to 25685.41pts while, the Industrial Index shed 3.80% to 84705.62pts. The Mid-Cap Index was 4.55% weaker at 42633.45pts while, the Blue-Chip Index slipped 3.56% to 16955.87pts as heavies continued to lose pace. On the VFEX market, Bindura gained 1.02% to USD$0.0495 on 900 shares while, Padenga went up 2.86% to settle at USD$0.2195 as 2,972 shares exchanged hands. A total of 330,314 units worth $1.29m exchanged hands in the EFTs. Old Mutual ETF rose 2.31% to close at $10.4389 while, the Morgan ETF went up 2.29% to $21.0005. Datvest ETF was the sole faller as it came off 1.25% to end at $2.2707.