EFE Securities •
2 years ago •
Market Commentary
Market Comment - 31.08.2022
ZSE closes month in the red... The ZSE concluded the month of August in the red as the primary All share Index tumbled 0.91% to 13705.12pts while, the ZSE-Agriculture Index trimmed 0.76% to 75.58pts. The ZSE Top 10 Index retreated 1.47% to 8209.35pts while, The Mid cap Index was the sole riser among the indices that we review as it gained a marginal 0.38% to 29026.80pts. Cement manufactures Lafarge led the fallers of the day on a 15.00% slump to $102.0000, trailed by Seed Co limited that declined 10.25% to end pegged at $69.9469. Clothing retailer Truworths gave up 9.09% to close at $1.7000 as CBZ Holdings slipped 6.70% to $140.0000. Axia capped the top five losers of the day after a 6.48% drop to end the month at $58.7418. Masimba Holdings headlined the gainers’ list of the last trading session of August after a 14.91% jump to $49.9878 followed by Willdale that rose 8.17% to $1.9500. Bankers, First Capital added up 7.16% to $7.5000 as OKZim ticked up 6.89% to $34.2253. Mashonaland Holdings completed the winners’ list of the day on a 4.72% uplift to end the month at $5.24000. The market closed with a negative breadth of five after ten counters gained against fifteen that declined. Activity aggregates were enhanced in the midweek session as volume of shares traded climbed 110.95% to $6.67m while, turnover ballooned 156.71% to 344.66m. NMBZ Holdings, OKZIM and Dairiboard were the top volume drivers of the day as trio contributed 30.08%, 27.20% and 9.21% respectively. OKZIM, Delta, Tanganda and Econet contributed a combined 56.56% of the value outturn. On the VFEX market, Bindura Nickel slid 0.32% to USD$0.0309 as Seed Co International closed at USD$0.4000 a 18.69% growth . Circa 88,100 units worth $963,378.85 exchanged on the ETF market. The Datvest ETF slipped 5.19% to $1.4421 while, Morgan and Co MCS ETF went down 5.12% to $26.5000. Old Mutual ETF jumped 13.48% to $5.5600 whilst, the MIZ ETF gained 0.82% to close the day at $1.2300.