EFE Securities •

7 months ago •

Market Commentary

MARKET COMMENT 24.11.2023

ZSE registers gains in week ending session...

The market recorded gains in the week ending session as the primary All Share Index firmed up 3.09% to 181,272.70pts while, the Blue-Chip Index rose 2.19% to 76,303.61pts.  The Agriculture Index added 1.49% to 601.75pts while, the Mid Cap Index gained 4.89% to 814,589.67pts. Seed producer SeedCo headlined the top performers of the day on a 14.99% jump, followed by Zimpapers that climbed 12.87% to settle at $25.0000. CAFCA advanced 10.80% to $2,437.5000 as banking group CBZ Holdings surged 9.38% to $2,100.0000. First Mutual Properties capped the winners of the day on a 8.33% uplift to end the day pegged at $208.0000. On the losing side was financial group ZBFH that lost 3.41% to $850.0000 while, General Beltings declined 2.07% to $22.3273. Apparel retailer Truworths retreated 0.57% to $37.7830 as retailer OkZim tumbled 0.08% to settle at $189.9957. RioZim completed the top five worst performers of the day on a 0.02% slump to end the week at $818.3667. The market closed on a positive breadth of six after fifteen counters recorded gains against nine fallers.

Activity aggregates enhanced in the session as volume traded ballooned 397.48% to 3,81mn shares worth $1.79bn. OKZim, Proplastics and Ecocash were the top volume drivers of the day on respective contributions of 33.75%, 20.98% and 17.13%. The top value drivers of the day were Proplastics 27.14%), Econet (20.58%) and Delta (17.50%).  A total of 119,529 units exchanged hands in the ETF section. Datvest ETF and MCMS ETF inched up 2.24% and 2.60% to $8.1789 and $389.7318 respectively. OMTT ETF gained 1.45% to end the week at $32.1000. Tigere REIT slipped 0.05% to settle at $254.8720.