Market Commentary 1 July 2022
The All-Share Index continued on a bearish trend after losing 799.12 points
(3.88%) to close at 19,791.94 points. BRITISH AMERICAN TOBACCO LIMITED
(BAT.zw) led the shakers after it dropped by $525.0000 to close at
$2,975.0000, INNSCOR AFRICA LIMITED (INN.zw) retreated by $16.2518 to
end at $400.3179 and ECONET WIRELESS LIMITED (ECO.zw) fell by $13.4327
to close at $160.9707. DELTA CORPORATION LIMITED (DLTA.zw) lost a
further $10.5952 to finish the session at $340.9864 and SEEDCO
INTERNATIONAL LIMITED (SEED.zw) was $9.5209 lower at $170.5102.
The movers were led by ZB FINANCIAL HOLDINGS LIMITED (ZBFH.zw)
which added a further $11.0000 to $88.0000, FBC HOLDINGS LIMITED
(FBC.zw) surged $5.0000 to close at $75.0000 along with UNIFREIGHT
AFRICA LIMITED (UNIF.zw) which advanced by $2.6000 to $33.0000. Two
more counters to gain ground were EDGARS STORES LIMITED (EDGR.zw)
which increased by $0.7600 to settle at $5.8600 and HIPPO VALLEY ESTATES
LIMITED (HIPO.zw) which rose by $0.3614 to close at $276.0000.