EFE Securities •

2 years ago •

Market Commentary

Market Comment - 29.03.2022

ZSE swings into the black... The ZSE recovered from prior session’s losses as the All-Share Index ticked up 0.95% to 15722.82pts while, the Industrial Index posted a 0.96% rise to end at 51956.17pts. The Top Ten Index put on 1.40% to close at 10411.87pts, buoyed by Ecocash and Simbisa that gained traction. The Mid-Cap Index retreated 0.36% to close the day at 25801.90pts. Logistics group Unifreight led the gainers of the day on a 17.86% jump to $33.0000 as Simbisa soared 10.74% to $210.4292. Hippo Valley Estates was 5.58% stronger at $316.7391 while, ART Holdings went up 5.26% to trade at $20.0000. Ecocash Holdings completed the top five gainers’ category as it surged 4.83% to end at $68.2385. Headlining the losers’ pack was packaging group Nampak Zimbabwe that dropped 14.06% to $12.5045 while, financial services group ZB gave up 8.33% to $55.0049. Turnall Holdings shed 7.99% to $4.6004 as Zimplow trimmed 7.84% to $18.0010. AFDIS capped the top five fallers of the day as it shrunk 4.61% to $220.0000. Volumes and values traded mixed during the session with turnover declining 8.09% to $157.89m while, volumes were up 115.58% to 9.18m shares. Nampak, Zimplow and First Capital Bank claimed a combined 82.36% of the volumes traded. Top value drivers of the day were Nampak (32.39%), Zimplow (15.62%), Innscor (6.12%) and Delta (5.63%). On the VFEX, Bindura inched up 1.50% to USD$0.0609 on 910,827 shares while, SeedCo International traded 1,760 shares at a stable price of USD$0.2100. The Old Mutual ETF and Morgan ETF slipped 2.00% and 1.60% to $14.0220 and $8.7235 respectively. The Datvest ETF was the only gainer as it improved 0.52% to $1.8014 on 269,678 units. Elsewhere, First Capital Bank released its FY21 results in which it posted a 341.87% increase in PAT to ZWL$3.35bn and declared a final dividend of ZWL$0.3861 cents per share.