EFE Securities •

1 year ago •

Market Commentary

Market Comment - 19.04.2023

ZSE slid after a short holiday break... The market slipped into the red in mid-week trades post a short holiday break as the All-Share Index dropped 0.26% to 36124.87pts. The Mid Cap Index lost 0.89% to close at 78231.82pts. In contrast, the Blue-Chips Index edged up 0.29% to 20947.20pts while, the Agriculture Index added 3.72% to 154.24pts. RioZim was the worst performers of the day after a 14.98% slump to $174.5500, followed by brick manufacturer Willdale Limited that eased 6.21% to $3.5500. First Capital shed 4.07% to $28.3467 while, beverages giant Delta trimmed 2.82% to settle at $796.0624. Retailer Okzim limited capped the top five laggards of the day on a 2.10% drop to $58.5072. Partially mitigating the midweek session’s losses was Turnall Holdings and BAT that surged a similar 15.00% to end pegged at $6.9000 and $4,025.2000 respectively. Zimpapers jumped 11.25% to $6.6750 while, General Beltings climbed 10.98% to $2.2195. Tea producers Tanganda capped the winners’ pack on 8.55% uplift to close at $346.6319. Activity aggregates were mixed in the session as volumes traded ballooned 258.98% to 9.37m while, value traded shrunk 32.08% to $436.21m. The market closed with market breadth of four after twelve counters registered gains against 8 counters that tripped. The top volume drivers of the day were Willdale, Ecocash and First Capital as they contributed a combined 85.99% of the aggregate. Top value drivers of the day were Delta (36.44%), Econet (19.20%), Hippo (12.27%) and Ecocash Holdings (10.82%). The Datvest ETF rose 0.03% to settle at $1.8600 while, the MIZ ETF ticked up 2.00% to $2.0400. MCMS and OMTT ETFs slipped 2.20% and 0.38% to settle at $29.2698 and $9.5053 respectively. ETF units traded totalled 1.77m to yield an outturn of $4.49m. The Tigere REIT lost a negligible 0.00138% to $50.1693 on 2957 units.