Market Commentary July 25 2022
The market recorded improved breadth as the All-Share Index ended the week
in the positive after recovering 363.06 points (2.30%) to close at 16,172.58
points. Top gains were recorded in TANGANDA TEA COMPANY LIMITED
(TANG.zw) which rose by $18.1563 to settle at $152.9836, ECONET WIRELESS
ZIMBABWE LIMITED (ECO.zw) added $9.6967 to $135.9902 and AXIA
CORPORATION LIMITED (AXIA.zw) was $7.6452 stronger at $79.9785. CFI
HOLDINGS LIMITED (CFI.zw) also increased by $7.5000 to $377.5000 and
SIMBISA BRANDS LIMITED (SIM.zw) was $7.1739 firmer at $198.1677.
NATIONAL FOODS HOLDINGS LIMITED (NFTD.zw) led the shakers after
shedding $10.0500 to close at $1,789.9500, AMALGAMATED REGIONAL
TRADING (ART) HOLDINGS LIMITED (ARTD.zw) lost $3.0000 to $17.0000
and NMBZ HOLDINGS LIMITED (NMB.zw) was $2.9981 weaker at $22.0000.
SEED CO LIMITED (SEED.zw) retreated by $1.5000 to settle at $88.5000 and
EDGARS STORES LIMITED (EDGR.zw) was $1.0583 lower at $6.0417.