EFE Securities •

1 year ago •

Market Commentary

Market Comment - 19.06.2023

Nampak highlights the session... Packaging group Nampak highlighted the volume and value aggregates as 13.99m shares worth $769.87m exchanged hands. The trade accounted for 94.50% of total volumes and 55.95% of the turnover. The other notable value driver was Delta that claimed 14.44% of the outturn. Volume of shares traded in the session ballooned 1114.53% to 14.81m while, value outturn jumped 54.56% to $1.38bn. Delta was the top faller of the day on a 10.07% tumble to $3443.8289 followed by Star Africa that dipped 8.79% to $5.3498. TSL shed 6.25% to end pegged at $750.0000 as Ecocash trimmed 6.05% to $175.5872. Telecoms giant Econet capped the top five shakers of the day on a 3.28% decline to $1,013.4335. Partially mitigating today’s losses were gains in CFI that jumped 15.00% to $2,562.8000 and banking group FBC that put on a similar 15.00% to trade at $716.9000. Cable manufacturer CAFCA charged 14.99% to $577.9000 as NTS soared 14.91% to $18.5000. Zimre Holdings capped the top five winners’ pack on a 14.55% jump to $63.0000. The market retreated further in new week as the primary All Share Index succumbed 3.02% to 180,652.18pts while, the Blue Chips Index trimmed 4.64% to 107,188.13pts. The ZSE Agriculture Index added 0.95% to 704.65pts while, the Mid Cap Index rose 2.29% to 366,029.58pts. Cumulatively, 665,470 units worth $32.78m exchanged hands in four ETFs. The Cass Saddle ETF edged up 14.40% to $4.8327 while, the Datvest ETF improved 6.04% to $14.9355. The Old Mutual ETF gained 0.27% to $52.7494 while, the Morgan and Co MCS was stable at $145.0000. The Tigere REIT climbed 9.27% to $330.0000 on 507 units.