EFE Securities •

8 months ago •

Market Commentary

ZSE commences new month in the black…

The ZSE commenced the new month in gains after the All-Share Index jumped 2.35% to 122,199pts while, the Blue-Chip Index surged 3.71% to 56,448.75pts. The Agriculture Index rose 0.27% to 611.43pts while, the Mid Cap Index grew 0.17% to 450,491.88pts. Headlining the winners’ pack was First Mutual Holdings Limited that jumped 14.88% to $196.4458, followed by packaging group Nampak that soared 10.33% to $165.0000. Zimre Holdings ticked up 1.17% to settle at $67.2857 while, retailer OKZim advanced 0.19% to $130.2460. Banking group NMB capped the gainers’ pack on 0.05% lift to end at $160.0836. CBZ Holdings led the laggards of the day as it dropped 12.53% to $628.8874 while, hotelier RTG slipped 6.25% to close at $150.0000. Telecoms giant Econet trimmed 5.34% to $479.9284 while, beverages giant Delta eased 4.67% to $2,174.7626. Tea producer Tanganda completed the top five fallers’ set on a 1.57% slid to $1,038.5714. The market closed with a negative breadth of four after nine counters retreated against five that gained.

Activity aggregates were depressed in the session as volumes traded succumbed 78.01% to 1.45m shares while, turnover plummeted 76.14% to 627.42m. CBZ Holdings, Star Africa, NMB and Ecocash Holdings contributed a combined 82.94% to the total volume traded. The top value drivers of the day were CBZ Holdings (34.13%), Star Africa (25.64%), NMB (16.46%) and Ecocash (6.71%). In the ETF section, Cass Saddle and Datvest ETFs edged up 0.13% and 0.26% to $7.1800 and $5.7000 apiece. Morgan & Co MCS ETF stepped up 0.56% to $160.9014 while, the Old Mutual ETF firmed up 1.71% to $21.4673. The Tigere REIT traded 5,745 units at a stable price of $203.0000.