EFE Securities •

8 months ago •

Market Commentary

ZSE rebounds as First Mutual Limited highlights the mid-week session…

 The market rebounded in the mid-week session as insurer First Mutual Holdings Limited claimed 99.30% of the volume traded and 94.55% of the value outturn. The primary All-Share Index edged up 1.01% to 122,959.61pts while, the Blue-Chip Index rose 1.43% to 56,857.63pts. The Mid-Cap Index firmed up 0.29% to 452,566.92pts while, the Agriculture Index was the sole loser amongst the indices we review as it shed 0.11% to 593.25pts. Brick manufacturer Willdale Limited headlined the top performers of the day on a 63.96% surged to close at $5.5000, followed by retailer OKZim that jumped 6.34% to $140.1107.

ZB Financial Holdings ticked up 5.67% to settle at $634.0000 while, Star Africa climbed 3.07% to close at $5.5759. Telecoms giant Econet Wireless capped the top five gainers of the day on a 2.55% uplift to close the day pegged at $512.8114. Fintech group Ecocash Holdings led the laggards of the day on a 2.64% drop to $139.9795 while, Hippo Valley eased 0.91% to settle at $1,800.0000. Seed producers SeedCo Limited declined 0.01% to $1,043.0000 on waning demand. The duo of BAT and Tanganda lost negligible 0.00285% and 0.00061% to close the day pegged at $17,924.9500 and $999.9833 apiece.

The market closed with a positive breadth of two as eight counters registered gains against six that lost ground.
Activity aggregates enhanced in the session as volumes traded ballooned 1,247.75% to 228.64m shares while, turnover soared 1,050.07% to $47.07bn. Three ETF’S were active in the session as 84,170 units exchanged hands with Old Mutual Top Ten ETF, Cass Saddle Agriculture ETF and MIZ ETF trading flat at $21.5000, $7.2500, and $6.3200 in that order. The Tigere REIT retreated 1.17% to $201.5950.