EFE Securities •

10 months ago •

Market Commentary

MARKET COMMENT 13/10/202/23

ZSE eked out gains…

The market recorded marginal gains in the week ending session as the primary All Share Index inched up 0.10% to 138,620.74pts while, the Blue-Chip Index rose 0.08% to 61,119.06pts. Contrastingly, the Mid Cap Index lost 0.63% to 566,226.72pts while, the Agriculture Index eased 0.001% to 510.48pts. Clothing retailer Truworths headlined the top performers of the day on a 11.40% jump to $26.7359 followed by milk processor Dairibord that firmed up 9.90% to settle at $460.0000. Masimba Holdings climbed 9.83% to $800.0000 while, RTG edged up 6.15% to end the day pegged at $138.0000. Ariston capped the winners pack on a 5.17% uplift to close at $31.5500. TSL led the laggards of the day on a 9.73% drop to $450.3502 while, banking group FBC declined 6.21% to settle at $750.3086. Life insurers First Mutual Holdings retreated 5.31% to $355.0783 as Turnall plunged 1.11% to close at $26.2068. Cigarrete manufacturer BAT completed the fallers list of the day on a 0.0003% slid to end the week pegged at $14,949.9500. The market closed with a positive breadth of seven as thirteen counters registered gains against six that faltered.

Activity aggregates were enhanced in the session as volumes ballooned 22.15% to 1.97m shares while, turnover grew 2.33% to $1bn. The top volume drivers of the day were FML (20.41%), OkZim (14.24%), Delta (12.34%) and Nampak 11.70%. The trio of Delta, FML and Econet contributed a combined 77.54% of the value outturn. Other top value drivers were Nampak (7.77%) and TSL (5.35%). A total of 13,103 units exchanged hands in the ETF section. MIZ ETF and Morgan & CO Multi Sector ETF added 1.49% and 0.40% to $7.9000 and $253.0000 respectively. OMTT ETF exchanged 9,550 units flat at $30.0000.  The Tigere REIT fell 4.98% to end the week at $230.0215 trading 213,872 units in the week closing session.