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Daily Pricesheet
The ZSE market continued to trek northwards in the final full week of the month on the backdrop of surging midcap counters. The Mid cap Index charged 8.82% to end at 814,589.67pts while, the All-Share Index added 2.19% to 181,272.70pts.
Written by EFE Research
The ZSE capped the final week of November and began the first session of December in gains as the market sustained the rising momentum in the week under review. The All Share Index gained 6.04% to 192,223.42pts. The Blue Chip Index was 7.90% firmer at 82,335.38pts anchored mainly by Seedco, Delta and RTG while, the segregated Industrials were up 6.10% to settle at 617,682.33pts. The Mid Cap Index advanced 2.48% to close pegged at 834,813.78pts. The much-awaited fiscal policy announcement failed to live up to its billing as government seemingly skirted key issues of electricity generation and currency policies leaving the economy at the mercy of multiple pricing. Amongst the highlights of the 2023 fiscal policy themed “consolidating economic transformation” was a forecast GDP growth of 3.5%, though government’s sincerity to curtail spending remains a doubt after projecting a budget deficit of $4.9trn.
The ZSE closed the week in the black as bulls raged on the market, with the benchmark All Share Index putting on 2.83% for the week to close at 197,660.65pts. Driving the market gains was a bullish run in the middle weight counters that spurred the Mid Cap Index to a 4.32% rise to close pegged at 870,872.87pts.
Resurgent demand in market heavies saw the ZSE reverse prior week’s losses and surge into gains, with all four benchmarks in our review closing in the black ahead of Christmas holidays. The ZSE All Share Index recovered 3.09% in the week under review and closed at 198,791.48pts with the gains ably anchored by the Top Ten Index which put on 4.58% and closed at 83,719.76pts.
The ZSE continued to sail in the positive territory spurred by the sustained bullish sentiment prevailing on the bourse.
The ZSE closed the week in the black as bulls raged on the market, with the benchmark All Share Index putting on 35.90% for the week to close at 584,266.23pts.
The ZSE extended its gains into the last week of March spurred by gains in the heavy and mid cap counters across the board as the reporting season ensued. The All-Share Index advanced 15.77% to settle at 873,263.38pts, mainly anchored by the Blue-Chip Index that notched up 16.06% to settle at 398,030.12pts.
The nation saw the appointment of the new governor in the week under review, who came in and made sweeping changes in terms of currency.
Activity faltered on the market in the week under review as scrappy 192,000 shares were traded, distributed into ten counters.
Thin trades coupled with waning demand weighed down the ZSE in the week under review as the uncertainty surrounding the introduction of Zig continued to mount.
The ZSE recovered from prior weeks’ losses mainly driven by surging demand for selected heavies while, activity also began to soar up in the week under review as market players adjusted to the currency changes.
The ZSE market rebounded in the week under review, mainly anchored by heavy and mid counters that recovered from prior week’s losses. The All-Share Index was 0.68% up at 94.65pts while, the segregated Industrials rose 0.69% to end pegged at 94.45pts.
