Market Commentary 17 October 2022
The market ended the week on a positive note with the ZSE All Share Index adding
240 points (1.77%) to close the Friday trading session at 13,831.97 points. Major gains
were recorded in DELTA CORPORATION LIMITED (DLTA.zw) which traded
$14.4535 higher at $226.9694, INNSCOR AFRICA LIMITED (INN.zw) added $8.8459
to $281.0297 whilst HIPPO VALLEY ESTATES LIMITED (HIPO.zw) gained $6.0500
to $207.0000. AXIA CORPORATION LIMITED (AXIA.zw) was $2.5303 up at
$58.0314 and SIMBISA BRANDS LIMITED (SIM.zw) rose by $2.2671 to close at
$171.4208.
The shakers were led by BRITISH AMERICAN TOBACCO ZIMBABWE LIMITED
(BAT.zw) which slumped by $3.5667 to $2,996.33, AMALGAMATED REGIONAL
TRADING HOLDINGS LIMITED (ARTD.zw) lost $2.4356 to $17.5644 and
NATIONAL TYRE SERVICES LIMITED (NTS.zw) went down by $1.0000 to
$12.0000. FIRST MUTUAL HOLDINGS LIMITED (FML.zw) decreased by $0.8400
to 25.8600 and AFRICAN SUN LIMITED (ASUN.zw) traded $0.5417 lower to settle
at $16.9583.