Market Update 15 March 2022
The ZSE shares continues slipping further ahead of the March 26 by elections with both volume and turnover declining in today’s session. Activity levels were at 352 trades. Delta was the most active stock at 55 trades followed by Star Africa and Simbisa at 19 and 18 trades respectively. Investor sentiment was strongly negative after the session yielded 25 decliners against 4 risers while five (5) of the active stocks remained unchanged. Star Africa anchored volume aggregate trading 780,500 shares and Hippo anchored value aggregate with a value of ZW$95.33 million.
The All-Share Index shaded 1.18% to close at 14,362.66 points. The Top 10 Index shaded 1.22%. The Top 15 Index shaded 1.10%. The Medium Cap Index was down by 1.18% to 24,116.02 points whilst the Small Cap Index added 0.37% to 399,545.47 points. Leading the risers pack of the day was Proplastics closed 6.66% higher and Mashonaland Holdings was up by 4.44%. Turnall added 4.17% and Simbisa added 0.35% to 18,070.03c. Mitigating the gains were losses in NMB Holdings and Zimre Holdings which shaded 11.69% and 7.03% respectively. Medtech Holdings was down by 6.91%. African Sun and African Distillers (AFDIS.zw) shaded 6.58% and 6.38% respectively. The ETFs traded 991,562 units worth ZW$1,904,144.14 in 186 trades. The Old Mutual Top 10 ETF shaded 0.84% to close at 793.74c while the Morgan and Co Multi Sector ETF shaded 2.88% to close at 1416.36c. The Datvest MCSI ETF shaded 7.95% to close at 173.01c. On the VFEX, Bindura traded 240,369 shares to close 0.05% higher at US 5.42 cents.