EFE Securities •

7 months ago •

Market Commentary

Market Comment - 22.09.2023

Nampak highlights the session…

Nampak trade highlighted the week ending session after a block trade of 11m shares worth $2.20bn exchanged hands at a price of $200.0000. The trade accounted for 91.84% of the total volumes traded and 68.16% of turnover. The other notable value driver of the day was Delta that claimed 25.71% of the aggregate. Volumes ballooned 900.89% to 11.98bn while, value outturn surged 361.33% to end at $3.23bn. Foreigners were net sellers in the session as outflows amounted to $2.36bn were registered against a nil position of inflows. Milk processor Dairibord dropped a further 8.70% to close at $420.0000 while, SeedCo Limited trimmed 5.04% to $473.2000. Delta lost 3.41% to close at vwap of $1,725.1513 as retailer OKZIM shed 2.01% to $131.7623. Fintech group Ecocash limited declined 1.93% to cap the top five fallers of the day at $135.0000. Partially mitigating today’s losses were gains in Zimre Holdings Limited that edged up 1.58% to $86.0000. Star Africa added 0.11% to $5.0000 while, Tanganda improved 0.07% to $718.5000. Clothing retailer Edgars went up 0.04% to close the day at $102.9000. The ZSE Top Ten Index was the major decliner amongst the four indices we review, as it tripped 1.79% to 48853.50pts while, the All-Share Index retreated 1.20% to 115,490.04pts. The ZSE Agriculture Index eased 1.23% to 482.74pts while, the Mid Cap Index went down 0.32% to 495,489.82pts. The MIZ ETF charged 14.59% to $8.4800 as the Old Mutual ETF put on 3.87% to $26.0500. The Morgan and Co MCS lost 0.72% to close at $185.0000. The Tigere REIT firmed up 1.61% to $227.0000 on a scanty 963 units.