EFE Securities •

8 months ago •

Market Commentary

MARKET COMMENT 30.10.2023

Heavies lift the market…
Heavies lifted the market in a slow penultimate session of the 
month. The All-Share Index advanced 2.96% to settle at 
153,756.06pts anchored by heavies that surged 4.02% to 
68,275.17pts. The Agriculture Index gained 0.39% to close at 
539.25pts while, the Mid Cap Index advanced 0.72% to 
619,653.73pts. Headlining the gainers’ list was General 
Beltings that notched up 32.12% to end at $15.0000 while, 
beverages producer Delta surged 9.32% to $2,849.5782. 
Property concern Mashonaland Holdings firmed up 7.64% to
close at $135.0000. The duo of apparel retailers in Edgars and 
Truworths put on 4.60% and 2.86% to settle at $99.7407 and 
$36.0000 respectively. Banking group FBC led the laggards of 
the day as it plunged 1.55% to $745.0000 while, sugar 
processor Hippo slipped 0.13% to $1,890.0630. The double act
of CBZ and Ecocash shed a similar 0.02% to see the former 
settle at $1,805.000 and the latter at $137.9658. Tea producer 
Tanganda was 0.0011% weaker at $950.0000 as it capped the 
shakers of the day. A total of nineteen counters recorded price 
movements, segregated into thirteen risers and six fallers.
Activity aggregates continued to falter in the session as 
volumes traded declined 82.76% to 863,148 shares while, 
turnover tumbled 56.71% to see $947.98m. The threesome of 
Dairibord, Delta and Proplastics drove the volume aggregate 
claiming a shared 64.21% of the total. Delta was the major 
value driver of the day as it contributed 52.73% of the 
aggregate. The other notable value contributor was Dairibord 
that claimed 13.07%. In the ETF category, the Morgan & Co
Made in Zimbabwe ETF was the only fund that registered price 
movement as it added 0.18% to close at $6.9123. A total of 
39,600 units worth $287,256.50 exchanged hands in the 
session. The Tigere REIT was 1.81% down at $235.6593 as 
9,449 units traded.