Market Commentary 4 April 2022
The ZSE shares closed today’s session with marginal gains in a mixed trading session. Activity levels were at 442 trades. Delta was the most active stock at 42 trades followed by Econet and FCA at 25 and 24 trades respectively. Investor sentiment was negative after the session yielded 17 risers against 18 decliners while eight (8) of the active stocks remained unchanged. Delta anchored both volume and value aggregate trading 654,600 shares with a value of ZW$157.30 million. The All-Share Index added 0.54% to close at 16,185.27 points. The Top 10 Index added 0.30%. The Top 15 Index added 0.47%. The Medium Cap Index was up by 1.29% to 26,673.32 points whilst the Small Cap Index added 0.89% to 403,032.67 points. Leading the risers pack of the day was Rio Zimbabwe and CAFCA closed 20.00% and 16.28% higher respectively. First Mutual Properties was up by 9.29%.
Axia added 8.51% and First Capital Bank added 5.83%. Mitigating the gains were losses in Medtech and Zimpapers and which shaded 16.19% and 11.70% respectively. Nampak was down by 5.33%. Dairibord and Zimre Holdings shaded 3.97% and 2.28% respectively. The ETFs traded 300,276 units worth ZW$1,055,550.40 in 128 trades. The Old Mutual Top 10 ETF shaded 1.16% to close at 837.21c while the Morgan and Co Multi Sector ETF added 1.69% to close at 1483.39c. The Datvest MCSI ETF shaded 0.52% to close at 189.81c. On the VFEX, Bindura traded 256,093 shares to close at US$ 5.35 cents.