Market Commentary 23 March 2022
The ZSE shares were down marginally in a mixed trading session with lower volume and turnover. Activity levels were at 382 trades. Econet was the most active stock at 38 trades followed by Delta and Innscor at 31 and 30 trades respectively. Investor sentiment was positive after the session yielded 16 gainers against 13 fallers while six (6) of the active stocks remained unchanged. First Mutual Holdings anchored volume aggregate trading 2,273,900 shares and National Foods anchored value aggregate with a value of ZW$63.86 million.
The All-Share Index shaded 0.25% to close at 15,494.05 points. The Top 10 Index shaded 0.70%. The Top 15 Index shaded 0.61%. The Medium Cap Index was up by 1.27% to 25,199.13 points whilst the Small Cap Index shaded 2.58% to 389,990.11 points. Leading the risers pack of the day was Get Bucks closed 20.00% higher and NMB Holdings was up by 16.25%. African Sun added 10.30% and Star Africa added 9.31% to 142.52c. Mitigating the gains were losses in NTS and General Beltings which shaded 16.67% and 6.17% respectively. Mashonaland Holdings was down by 3.00%. Zimplow and Ecocash Holdings shaded 2.86% and 2.28% respectively. The ETFs traded 1,696,298 units worth ZW$2,943,330.39 in 127 trades. The Old Mutual Top 10 ETF added 10.90% to close at 996.12c while the Morgan and Co Multi Sector ETF shaded 0.71% to close at 1390.49c. The Datvest MCSI ETF added 0.75% to close at 167.74c. On the VFEX, Padenga traded 33,302 shares to close unchanged and Bindura traded 471,851 shares to close at US 5.06 cents up 2.07%.