EFE Securities •

2 years ago •

Market Commentary

Market Comment - 27.07.2021

ZSE maintains its rising streak... The ZSE rising streak continued in Tuesday’s session for the fifth consecutive session. The primary All Share Index gained 1.12% to 6705.90pts while, the Industrials closed at 22104.65pts after putting on 1.15%. The Blue chips Index rose 2.29% to 3561.39pts while, the Resources index continued to falter letting go 1.35% to 6041.14pts. The risers pack was headlined by Hippo that surged 14.92% to settle at $188.4669, trailed by ART that reversed previous day losses to close at $8.5095 after adding 8.21%. Fintech group Cassava advanced 6.23% to $15.9275 while, fast foods group Simbisa extended 4.69% to $45.0000. Completing the top five risers of the day was Zimpapers that improved 2.38% to close at $3.5000. Other notable gainers of the day were seen in National Foods (+1.98%) and Seedco Limited (1.54%). Life assurer Fidelity was the top faller of the day on a 20% dip to settle at $9.2000 while, Star Africa declined 4.15% to $2.5818. Logistics group Unifreight let go 3.57% to end at $28.9286 while, hotelier African Sun shed 2.83% to $8.0000. TSL sealed the top five fallers’ pack on a 2.27% loss to $43.0000. A total of forty-three counters registered trades today with nineteen risers against eighteen fallers. Volume of shares traded slipped 13.22% to see 6.78m shares exchanging hands while, turnover improved 5.99% to $107.50m. Top volume drivers of the day were Medtech and First Capital that claimed 45.99% and 14.30% respectively. The top value drivers of the day were CBZ and Delta that accounted for a combined 58.59% of the aggregate.