EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT -2024-04-12

The ZSE market eked out gains in week-ending session as the mainstream All Share Index charged 1.74% to 100.39pts. The ZSE Top Ten Index advanced 2.56% to land at 99.71pts while, the ZSE Agriculture Index was stable at 100.93pts. Contrastingly, the Mid Cap Index was 0.05% lower at 101.69pts. Econet led the market charge on a 0.15% jump to $2.1400 on scrappy 100 shares. Turnall put on 0.02% to trade at $0.0281 on 200 shares. Ecocash added a meagre 0.0025% to close at $0.3273 while, Meikles edged up a negligible 0.000365% to settle at $2.8825. Star Africa traded 12,400 shares at a stable price of $2.0000 while, Ariston was stable at $5.0000 on 300 shares. On the downside was OKZIM that shed 0.04% to $0.4648 while, Delta retreated 0.0037% to $6.2000. A total of six counters registered price movements as four counters gained against two that declined to register a positive breadth.

Volume of shares traded surged 94.24% to 24,600 anchored by Star Africa and Ecocash that claimed a combined 89.03% of the aggregate. Turnover soared 86.47% to $61,416.32 as Delta highlighted the value aggregate on a 95.90% contribution. The only ETF to trade was the Datvest ETF that improved 13.58% to $0.0200 on 200 units. The Tigere REIT went up 4.94% to $0.5124 on 22,500 units while, Revitus Property was unchanged at $0.2241 on 253,678 units.