ZSE Market Commentary 02 April 2024
ZSE records gains in month opening session…
The ZSE recorded gains in the first session of the month as the primary All Share Index ticked up 3.46% to 903,513.36pts while, the Blue-Chip Index added 3.16% to 410,596.59pts. The Agriculture Index rose 2.86% to 2,245.73pts as the Mid Cap Index firmed up 2.79% to 3,265,124.58pts. ZBFH and RioZim led the top performers of the day on a similar 15% jump to close at $6,353.7500 and $1,380.0000 respectively.
Seed producer SeedCo and banking group FBC surged 15.00% again to settle at $3,954.9000 and $4,714.9847 respectively. Spirit and wine distillers Afdis completed the risers list of the day on another 15.00% jump to end the day pegged at $5,495.0000.
Bridgefort Capital A led the laggards of the day on a 58.82% plunge that took it to $35.0000. Beverage giant Delta declined 0.37% to close at $16,590.4170 while, tea producer Tanganda retreated a negligible 0.07% to end the day pegged at $5,110.7692. Seventeen counters recorded gains against three that faltered to leave the market with a positive breadth offourteen.
Activity aggregates enhanced in the session as volumes traded ballooned 71.97% to 3.79m shares while, turnover grew 147 .16% to $14.73bn. Top volume drivers of the day were Star Africa (39.14%), Econet (34.99%) and Delta {9.68%).Econet, Delta and BAT drove the value aggregates after contributing 46.81%, 41.38% and 8.69% respectively.
A total of 34,480 units exchanged hands in the ETF section. Cass Saddle ETF edged up 10.09% to $9.9077 while, Datvest ETF jumped 15.00% to settle at $38.5700. OMTI ETF notched up 0.13% to $170.0000. The Tigere REIT inched up 6.18% to end pegged at $1,029.1853 while, the Revitus Property fund firmed up 0.13% to $559.7368.
Bulls n Bears