Market Commentary 11 July 2022
The All-Share Index closed the week on a continuous downward trend after
dropping 708.50 points (4.04%) to end the session at 16,813.22 points. The
biggest losses were recorded by NATIONAL FOODS HOLDINGS LIMITED
(NFHL.zw) which closed at $1,611.4980 after dropping $163.4890, DELTA
CORPORATION LIMITED (DLTA.zw) plunged $23.9981 to settle at $280.5324
and INNSCOR AFRICA LIMITED (INN.zw) went further down by $15.7958 to
finish at $340.0275. TSL LIMITED (TSL.zw) also decreased by $10.1000 to end
at $100.0000 while FBC HOLDINGS LIMITED (FBC.zw) was $10.0000 weaker
at $65.0000.
Trading in the positive was LAFARGE CEMENT ZIMBABWE (CBZ.zw) which
gained $19.1381 to $146.8000, OK ZIMBABWE LIMITED (OKZ.zw) rose by
$1.0167 to $32.0243 together with AFRICAN SUN LIMITED (ASUN.zw) which
ticked $0.8329 to close higher at $17.8571. EDGARDS STORES LIMITED
(EDGR.zw) also increased by $0.7007 to $6.4000 and AFRICAN SUN LIMITED
(ASUN.zw) jumped $0.5737 upwards to close at $11.9477.