EFE Securities •

2 years ago •

Market Commentary

Market Comment - 12.11.2021

ZSE falters in Friday’s session... The market capped the week in marginal losses as three of the indices in our review closed pointing southwards. The primary All-Share and the Industrial Indices let go a similar 0.08% to close at 12442.42pts and 41213.28 respectively. The Blue chips Index retreated 0.16% to 8112.62pts while, the Mining Index was the only gainer among the indices with a 0.09% lift to 6858.49pts. Gainers of the day outnumbered fallers by a count of one. The laggards of the day were led by cement manufacturer Lafarge that trimmed 6.25% to $14.0000 trailed by fast foods group Simbisa which dipped 5.56% to $92.4051. Property concern FMP shed 5.16% to $9.0167 as financial services group ZB went down 3.58% to $75. 0000.Hotel group RTG completed the top five shakers’ pack on a 3.67% decline to $4.6250. Partially mitigating today’s fallers were gains in banking group NMB which surged 14.18% to $14.0000 as Zimplow followed on a 7.45% lift to close at a vwap of $26.9796. CFI jumped 5.56% to reach $75.0000 as ART improved 3.99% to $12.0000. Agriculture concern Ariston put on 2.99% to end pegged at $3.6124. Volume of shares traded dipped 43.86% to 7.99m yielding a turnover of $279.85m which was a 26.66% drop from prior session. First capital was the top traded counter by volume for the second consecutive session with a contribution of 59.35%. Heavies Delta and Innscor claimed 47.51% and 12.81% of the value outturn apiece. No trades were registered on the VFEX for the seventh consecutive session. The Old Mutual ETF rose 3.44% to close at $4.9159 as 12,150 units worth $59,728.0000 exchanged hands.