EFE Securities •

9 months ago •

Market Commentary

MARKET COMMENT 29.09.2023

ZSE in the black as curtains come down on September…
The market ended the trading month on a positive note as the primary All Share Index rose 1.48% to 126,642.42pts while, the Blue-Chip Index added 1.79% to 56,560.21pts. The Agriculture Index ticked up 2.01% to 518.90pts as the Mid Cap Index grew 0.96% to 498,045.42pts. General Beltings headlined the winners of the day on a 15.00% jump to $11.5000, followed by Proplastics that climbed 14.68% to settle at $610.0000. Willdale advanced 10.62% to $10.0000 while, packaging group Nampak shored up 10.00% to end the day pegged at $220.0000. Sugar processors Hippo Valley completed the top five performers of the day on 7.92% uplift to close at $1,650.0417. FMP led the laggards of the day on 10.10% drop to $124.9541 while, retailer OKZim eased 7.59% to settle at $120.1062. Zimre Holdings Limited declined 5.88% to $80.0000 as Star Africa capped the worst performers of the day on 0.10% slid to end the day pegged at $4.9900. 

Activity aggregates were depressed in the session as volumes traded succumbed 64.59% to 11.29m shares while, turnover plummeted 76.12% to $1.94bn. OKZim dominated the activity aggregates of the day on respective contributions of 93.03% and 65.07% to volume and value. Other value drivers of the day were Delta (21.64%) and Econet (8.11%). In the ETF section, Datvest inched up 2.95% to $6.7950 while, Morgan & Co Multi Sector edged up 14.67% to close at $215.0000. MIZ was the only faller amongst the ETFs as it lost 0.63% to $7.8500. The Tigere REIT went up 3.34% to end the day pegged at $235.0000