ZSE Market Commentary 25 March 2024
ZSE opens week in the black
The ZSE market opened the new week in the black to see the primary All-Share index gaining 3.50% to 780,732.57pts while, Agriculture Index firmed up 2.61% to ,787.49pts as the Mid Cap Index added 3.38% to 2,985,894.23pts. Brick manufacturer Willdale headlined the top performers of the day on a 28.72% surge that took it to $91.6522. The duo of ZBFH and Afdis ticked up a similar 15% to close at $6,118.0000 and $4,778.3000 respectively. Telecoms giant Econet rose 14.86% to $4,0009.0895 while, banking group FBC Holdings capped the winners of the day on a 14.68% uplift to settle at $3,784.0479.
In the contrast, ART led the laggards of the day on a 2.44% drop to $200.0000 while, apparel retailer Edgars slipped 0.55% to $406.2095. Banking group CBZ fell 0.30% to $10,011.3077 while, beverage giant Delta eased 0.16% to close at $14,278 .9489 . Ariston completed the fallers of the day on a 0.06% slid to end the day pegged at $69.9500. Twenty¬ two counters recorded gains against six that faltered to leave the market with a positive breadth of sixteen.
Activity aggregates were depressed in the session as volume traded fell by 58.32% to see 1.54m shares while, value traded declined 67.30% to $4.81bn. Top volume drivers of the day were Ecocash (26.20%}, Econet (26.15%} and Starafrica (11.87%}. The trio of Delta, Econet and BAT contributed a combined (77.61%} to the total value traded. Only three ETF’s were active in the first session which saw a total of 100,152 units exchange hands.
Datvest ETF stepped up 11.78% to $28.0000 while, MIZ ETF advanced 13.50% to settle at $20.0000. OMTT ETF trimmed 0.34% to end the day pegged at $143.4189. Revitus REIT declined 0.01% to $559.9500 while, Tigere REIT shot up 6.85% to end the day pegged at $872.9587 in a session as a total of 332,635 units exchange hands.-efesecurities