EFE Securities •

1 year ago •

Market Commentary

Market Comment - 18.05.2023

Market stays firm... The ZSE maintained gains in Thursday’s session as the primary All-Share Index advanced 3.54% to 81689.75pts while, the Top Ten Index climbed 3.09% to 50486.33pts. The Mid-Cap Index improved 5.23% to end at 143866.26pts while, the ZSE Agriculture Index finished 4.23% stronger at 287.17pts. Property outfit Mashonaland Holdings led the risers of the day with a 15.00% jump to $25.3000, followed by General Beltings that surged 14.99% to $4.0850. Seed Co Limited extended 14.78% to $449.0000 as hotelier Rainbow Tourism Group added 14.75% to $44.2500. Clothing retailer Truworths capped the gainers’ set on a 14.62% lift to $5.8000. Headlining the losers’ pack was Ecocash Holdings that dropped 1.25% to $149.8461 while, logistics unit Unifreight trailed after slipping 0.90% to $99.0000. Zimplow Holdings shed 0.49% to $96.0161 as telecoms giant Econet Wireless completed the set on a 0.11% decline to $600.0009. Activity aggregates improved as volume of shares traded jumped 54.74% to 7.81m while, value outturn soared 124.27% to $3.04bn. The quartet of OKZim, Delta, Econet and Tanganda emerged as counters of choice contributing 90.36% of the volume aggregate and 96.59% of the value outturn. On the ETF section, 726,791 units worth $8,093,567.00 traded. The Old Mutual ETF and Morgan & Co MCS were up 3.30% and 9.01% to end pegged at $15.4834 and $45.2385 respectively. The Datvest MCS slid 0.70% to $4.7700 as the MIZ gave up 0.01% to $2.8003. The Tigere REIT firmed up 0.03% to $66.8500 on 26,870 units.