EFE Securities •

1 year ago •

Market Commentary

Market Comment - 13.03.2023

Delta anchors activity aggregates... Beverages group Delta accounted for 50.08% of the total volumes and 70.53% of the value outturn as circa 1.25m shares worth $740.90m exchanged hands in the counter. Hippo was the other notable volume and value driver claiming 16.74% of the former and 19.90% of the latter. Activity aggregates were mixed in the session as shares totalling 2.52m yielded a turnover of $1.05trillion on the market. ART headlined the gainers’ pack on a 13.81% jump to $25.9000, trailed by packaging group Nampak surged 7.62% to $28.0000. Delta advanced 6.03% to $592.0574 having traded a high of $620.0000. Fintech group Ecocash improved 5.74% to $68.8116 while, its parent Econet company inched up 5.37% to $192.6211. Banking group NMB led the decliners of day after retreating 6.87% to $42.0000. Following was Mashonaland that tumbled 6.49% to $10.2857 as Ariston trimmed 1.46% to end pegged at $11.2000. Proplastics slipped 1.39% to $70.0000 as Hippo completed the top five winners of the day on a 0.16% lift to $500.0108. The gainers and fallers’ spectrum were equally distributed at ten apiece. The primary All share Index edged up 2.85% to 30905.71pts while, the ZSE Top Ten Index extended 3.98% to 18051.27pts. The ZSE Agriculture Index added 0.07% to 127.02pts while, the Mid-Cap Index rose 0.02% to 65950.30pts. The VFEX market was mixed in the session as Simbisa put on 0.87% to end at USD$0.4300. Innscor and Axia trimmed 0.16% and 0.14% to close at USD$0.6981 and USD$0.1380. The Datvest and the MIZ ETF declined 11.82% and 0.25% apiece while, the Old Mutual and the Cass Saddle ETFs rose 0.76% and 0.09% respectively. Cumulatively, 50,455 units worth $245,304.27 traded in five ETFs. The Tigere REIT shed 4.91% to $48.1330 on 17,909 units.