EFE Securities •

1 year ago •

Market Commentary

Market Comment - 30.05.2023

All share breezes past 100,000 pts mark... The ZSE continued to surge in Tuesday’s session as the mainstream All-Share Index firmed up 4.99% to 104,183.79pts as it breezed past through the 100,000pts mark. The heavies Index rose 4.76% to 63,745.45pts. The ZSE Agriculture Index shot up 9.71% to 376.22pts while, the Mid-cap Index ticked up 5.85% to end at 190,360.21pts. Clothing retailer Edgars and bankers CBZ Holdings surged an identical 15.00% to close at $57.5000 and $699.6000 respectively. ZB jumped 14.98% to $241.3500 as BAT advanced a similar 14.98% to end at $6,216.0750. Hotelier RTG capped the top five winners’ list on a 14.97% gain to $58.3000. General Beltings led the fallers of the day after a 2.14% dip to $4.0002 while, Zimplow gave up 1.57% to $83.6667. Microfinance Getbucks dropped 0.91% to $32.7263 while, Delta completed the losers’ set on a 0.0003% retreat to $2,329.9441. Activity aggregates traded mixed as volumes succumbed 72.40% to 9.68m shares while, turnover improved 33.22% to $2.84bn. Property outfit Mashonaland Holdings and Delta claimed 73.97% and 10.39% of the volume aggregate apiece. Value drivers of the day were Delta and Mashonaland that accounted for a combined 94.89%of the aggregate. A total of 673,665 units worth $2.48m exchanged hands in the ETF section. Gainers of the day were Morgan and Co MCS that edged up 12.86% to $67.7143, Old Mutual that surged 8.88% to $22.8589, Cass Saddle which added 3.20% to $3.1048 and MIZ which crawled up 0.11% to $3.5700. The Datvest MCS was the sole faller of the day after losing 2.00% to $5.0066. Tigere REIT ticked up 11.29% to $103.2655 on 77,600 units worth $8.01m.