EFE Securities •

3 years ago •

Market Commentary

Market Comment - 18.11.2021

Nampak highlights the trading session... Packaging group Nampak highlighted today’s session as circa 10m shares exchanged hands at a price of $10.5000. Nampak was the top traded counter by volume and value claiming 63.40% of the former and 37.40% of the latter. The other notable volume driver was Africa Sun with a 16.62% contribution and Delta which accounted for 20.05% of turnover. Activity aggregates of the day were mixed as the volume of shares traded jumped 270.82% to see 111.03m share exchanging hands while, turnover declined by 11.03% to $280.85m. The All-Share Index eased 1.24% to 11818.24pts while, the segregated Industrials were 1.25% lower at 39132.26pts. The Mining Index trimmed 0.19% to 6807.31pts as Bindura reversed prior session’s gains with the Blue-Chip Index declining 1.67% to 7583.82pts. MedTech headlined the gainers of the day as it advanced 15.36% to $0.2200. Property concern Mashonaland Holdings rose 12.45% to $4.5000 while, Cassava went up 9.41% to $55.3918. Hotelier RTG put on 4.40% to $4.8025 while, bankers First Capital gained a similar 4.40% to end at $3.1500 as it capped the top five gainers’ list of the day. Conglomerate Meikles led the laggards of the day as it shed 9.09% to $200.0000 following the postponement of Tanganda unbundling to 9 December. Telecoms giant Econet dropped 6.02% to $74.8995 on selling pressure. Retailer Ok Zimbabwe was 5.70% softer at $26.0170 while, Innscor let go 5.20% to $177.3458. Media and Digital group Zimpapers capped the top five laggards of the day as it lost 3.52% to $3.0000. The Old Mutual ETF was 4.64% down to $5.1040 as 2,511units exchanged hands while, on the VFEX no trades were recorded. Foreign purchases accounted for 42.47% of the day’s turnover while sales added 1.80% of the same.