EFE Securities •

2 years ago •

Market Commentary

Market Comment - 11.01.2022

ZHL highlights trading session... Zimre Holdings Limited highlighted Tuesday’s trading session as a total of 20.25m shares worth $68.84m exchanged hands. The trade accounted for 86.87% of total volumes traded and 39.48% of the value outturn. The other notable value driver was Delta which claimed 14.50% of the outturn. Activity aggregates were mixed as volumes ballooned 511.29% to 23.31m while, turnover dipped 33.06% to $174.72m. Leading the laggards of the day was Dairibord which dropped 18.96% to trade at $32.0093, trailed by Mashonaland that let go 16.77% to close at $2.5844. Insurer FML shed 10.62% to $19.0000 while, agricultural concern Ariston slipped 9.56% to $3.2480. Banking group CBZ capped the top five losers of the day on a 7.56% decline to end at $75.0841. Headlining the gainers’ pack was Turnall that put on 4.78% to $4.2000, followed by packaging group Nampak which rose 4.55% to end pegged at $11.5000. Conglomerate Innscor advanced 4.38% to close at a vwap of $176.1023 having traded an intraday high of $182.0000. General Beltings grew 2.38% to $2.1070 while, beverages group Delta completed the top five winners of the day on a 2% upsurge to $159.2477. Fallers outweighed gainers by a count of three leaving the market with a negative breadth. The primary All Share Index and the Industrials lost a similar 0.56% to close at 10961.59pts and 36234.69pts respectively. The ZSE Top Ten Index retreated 0.06% to 6930.82pts. The Old Mutual ETF was down 3.54% to $4.6201 while, Morgan and Co ETF added 0.81% to $12.6286. On the VFEX, Padenga traded 23,216 shares worth USD$4,875.36 at an unchanged price of USD$0.2100.