ZSE Market Commentary 04 April 2024
ZSE takes a breather ahead of Monetary statement to be announced tomorrow at 12pm. The primary All-Share Index lost 0.13% to 914,533.75pts while, the Blue¬ Chip Index fell 1.02% to 410,610.21pts. The Agriculture Index rose 1.96% to 2,308.96pts while, the Mid Cap Index firmed up 2.39% to 3,407,619.86pts. Banking group CBZ Holdings led the laggards of the day on a 13.93% retreat to $9,639.3625, followed by brick manufacturer Willdale that dropped 8.78% to close at a VWAP of $100.3475.
Telecoms giant Econet eased 1.75% to close at $4,890.9726 while, General Beltings shed 1.46% to $135.0000. Star Africa completed the fallers of the day on a 0.12% decline to end the day pegged at $16.9000. Partially mitigating today’s losses were gains in NTS that surged 100% to $320.0000 while, Fidelity climbed 15.00% to $1,086.7500. Nampak stepped up 14.96% to $1,018.0000 while Zimre Holdings Limited jumped 14.88% to settle at $512.0000 . Seed producer Seed Co capped the winners of the day on a 14.41% uplift to end the day pegged at $4,518.1527. Fourteen counters recorded gains against six that faltered to leave the market with a positive breadth of eight.
Activity aggregates were mixed in the session as volume traded fell 18.30% to 1.54m shares while, turnover grew 129.66% to $7.46bn. Econet, Star Africa and Delta were the top volume drivers after contributing 57.47%, 8.48% and 8.35% respectively. The top value drivers of the day were Econet (58.04%), Delta (29.31%) and Meikles (4.09%). In the ETF Section, OMIT ETF went up 14.20% to $215.0000 while, MIZ ETF inched up 5.00% to close at a VWAP of $21.0000. Datvest ETF soared 14.08% to end the day pegged at $44.0000 after 5,982 units exchanged hands. A total of 290,044 units exchanged hands in the REIT section which saw Tigere REIT gaining 3.68% to close at $1,100.0000.
Bulls n Bears