EFE Securities •

2 years ago •

Market Commentary

Market Comment - 23.03.2022

Caledonia registers a trade... Caledonia registered its second trade since listing on the VFEX as 1,503 shares exchanged hands at $13.0000. On the main bourse, all the major indices slipped into the red with the primary All-Share Index relinquished prior session gains after sliding 2.03% to 15,532.71pts while, the Industrial Index declined 2.02% to 51325.28pts. The Mid-Cap Index retreated 0.89% to close at 24882.16pts as the Top Ten Index was the major casualty amongst the indices after shedding 2.55% to 24882.16pts. Logistics concern Unifreight led the losers of the day as it dropped 15.15% to trade at $28.0000, followed by the sugar manufacturer Hippo valley that eased 11.56% to $205.0458. Conglomerate Innscor trimmed 6.60% to close at a vwap of $308.2753 while, National foods eased 6.08% to $1900.0000. Wines and spirit manufacturer AFDIS capped the top five shakers of the day on a 5.62% slump $231.2267. Zimpapers headlined the gainers’ list of the day after a 16.32% jump to $2.8000, trailed by the insurers Fidelity life that advanced 8.33% to $13.0000. Tanganda and Mashonaland edged up 5.70% and 4.77% respectively to see the latter closing at $3.1961 while, the former ended pegged at $89.8634. Turnall completed the top five winners of the day on a 4.17% gain to settle at $5.0000. Volume traded jumped by 47.36% as 11.27m shares exchanged hands. CBZ, FBC Holdings and OKZIM claimed a combined 70.94% of the volume aggregate. The total value traded was 5.77% down to $762.73m with CBZ, Meikles and FBC accounting for a shared 69.84% of the outturn. The ETFs traded mixed in the session, as Datvest ETF pared 1.44% to $1.6449 while, the Morgan & Co rose 2.17% to $14.0041. Old Mutual ETF was down 0.23% to close at $8.9818. A block trade of circa 87m share in Bindura exchanged hands at $USD 0.0496.