EFE Securities •

1 week ago •

Market Commentary

MARKET COMMENT 29.05.2024

ZSE record modest gains in the penultimate session of the month… 
The market recorded modest gains in the penultimate session of the month as the All-Share Index rose by 0.04% to 196.61pts while, the Agriculture Index advanced 1.67% to 188.87pts. The Mid Cap Index edged up 0.56% to 247.17pts while, on the contrary the Blue-Chip Index fell 0.14% to 189.23pts. TSL Limited led the gainers of the day on 11.54% jump to settle at $2.9000 with Proplastics trailing behind on a 6.17% gain to 
$1.2000. First Mutual Holdings ticked up 5.99% to $4.1321 while, dairy producer Dairibord added 3.09% to end pegged at $1.6500. Telecommunications company Econet capped the top five performers of the day on a 2.60% increase to end at a VWAP of $2.9446. Partially weighing the market was ART Holding that tumbled 14.93% to $0.1701 while, banking giant CBZ slipped 8.61% to end pegged at $7.1282. Sugar possessor Star Africa retreated 5.25% to $0.0578 while, Ecocash dropped 2.43% to $0.1405. RTG capped the top five laggards of the day on a 0.47% decrease to settle at $0.6370.  
 
Activity aggregates enhanced in the session as volume traded soared 212.91% to 7.03m shares while, turnover heightened by 37.56% to $14.40m. OK Zimbabwe, ART Holdings and Delta drove the volume aggregates after contributing a combined 88.45%. Delta Corporation dominated the turnover aggregate after accounting for 76.63% of the value traded. The Datvest MCS fund was the only ETF to record trades in the sessions as 7,200 units worth $216.0000 exchanged hands. Tigere REIT dipped 2.26% to $1.2004 as 2.48m units traded in the name.