Market Commentary 1 September 2022
The market continued on a downward trend after losing 125.22 points (0.91%) to
close the month at 13,705.12 points. Trading in the negative: BRITISH
AMERICAN TOBACCO ZIMBABWE (BAT.zw) continued to decline and lost
$30.0000 to $2,300.0000, LAFARGE CEMENT ZIMBABWE LIMITED
(LACZ.zw) lost $18.0000 to end at $102.0000 and CBZ HOLDINGS LIMITED
(CBZ.zw) went down by $10.0471 to close at $140.0000. SEED CO LIMITED
(SEED.zw) was $7.9864 lower at $69.9469 whilst AXIA CORPORATION
LIMITED (AXIA.zw) eased $4.0682 to close the month at a price of $58.7418.
Trading in the positive: MASIMBA HOLDINGS LIMITED (MSHL.zw) went up
by $6.4878 to $49.9878, OK ZIMBABWE LIMITED (OKZ.zw) increased by
$2.2070 to $34.2253 and TANGANDA TEA COMPANY LIMITED (MASH.zw)
gained $0.9229 to close at a price of $124.9229. FIRST CAPITAL BANK
LIMITED (FCA.zw) added $0.5011 to $7.5000 whilst MASHONALAND
HOLDINGS LIMITED (MASH.zw) was $0.2361 stronger at $5.2400.