Market Commentary 29 March 2022
The ZSE shares opened this week near flat with a marginal loss in a mixed trading session. Activity levels were at 488 trades. Delta was the most active stock at 36 trades followed by Star Africa and Innscor at 32 and 27 trades respectively. Investor sentiment was positive after the session yielded 22 gainers against 10 fallers while eight (8) of the active stocks remained unchanged. NMB Holdings anchored volume aggregate trading 2,107,500 shares and Delta anchored value aggregate with a value of ZW$36.87 million. The All-Share Index shaded 0.05% to close at 15,574.66 points. The Top 10 Index shaded 0.27%. The Top 15 Index shaded 0.18%. The Medium Cap Index was up by 0.79% to 25,896.30 points whilst the Small Cap Index added 2.00% to 407,683.19 points.
Leading the risers pack of the day was Proplastics and Nampak closed 16.45% and 11.92 higher respectively. Zimpapers was up by 10.68%. CBZ Holdings added 10.56% and African Sun added 5.09%. Mitigating the gains were losses in National Foods and First Mutual Properties which shaded 10.29% and 7.03% respectively. Mashonaland Holdings was down by 4.55%. Tanganda and First Capital Bank shaded 3.04% and 2.49% respectively. The ETFs traded 624,479 units worth ZW$1,350,930.9 in 184 trades. The Old Mutual Top 10 ETF shaded 16.93% to close at 886.50c while the Morgan and Co Multi Sector ETF added 1.37% to close at 1430.78c. The Datvest MCSI ETF added 2.06% to close at 179.21c. On the VFEX, Bindura traded 351,639 shares to close at US 6.00 cents up 16.73%.