EFE Securities •

3 years ago •

Market Commentary

Market Comment -26.01.2021

ZSE extends gains, albeit profit taking … ZSE extended gains in Tuesday’s session, albeit profit taking in most selected heavies. The primary All-Share Index put on 6.48% to 3749.78pts while, the segregated Industrials ticked up 6.30% to settle at 12540.94pts. The ZSE Top Ten Index was 5.56% higher at 2370.98pts while, the less active Minings charged 17.16% to 4799.46pts. Dairibord headlined the winners of the day on an 20% surge to end at $21.6000. TSL Limited put on 19.96% to $38.4000 with Zimplow putting on 19.91% as it closed at $5.9000. Brick manufacturers Willdale was 19.88% to $0.4100 while, Ariston was 19.87% firmer at $1.6125. Overall, twenty-eight counters traded in the positive against nine fallers as two remained stable, leaving the market in the black. Other gains were seen in Cassava, Simbisa, RioZim, OKZIM and BAT. Activity aggregates improved in the session with volumes traded enhancing 96.12% to 30.83m shares while, turnover rose 115.32% to $283.19m. The volume aggregate was anchored by Econet (25.37%), African Sun (22.91%) and Cassava (16.93%). Value drivers of the day were Econet, Cassava and Meikles which contributed a combined 72.74%. Foreign purchases added 321.07% to $1.67m while, sales improved 19.87% to $64.33. Local purchases accounted for 99.41% of turnover while, sales claimed 77.28% of the same. Partially mitigating today’s gains were losses led by Padenga which eased 13.20% to $25.6741 while, Cafca was 11.08% down at $80.0249, where demand could be found. Mash shed 8.78% to $0.9221 with Hippo sliding 2.83% to close at $11.66081. Heavy cap Delta was 1.67% lower at $41.1623, having traded an intra-day low of $35.0000.