ZSE Market Commentary 11 April 2024
ZSE falters in the penultimate session …
The ZSE faltered in the penultimate session of the week as investors continued on a wait and see approach while, the currency situation continued to ravel. The All-Share Index dropped 2.27% to close at 98.68pts while, the Blue-Chip Index faltered 3.56% to end at 97.22pts. On the contrary, the Mid¬ cap Index was 0.57% firmer at 101.74pts while, the Agriculture Index added 0.30% to close at 100.93pts. Delta was the only loser in today’s session as it lost 8.48% to trade at $6.2230. Partially offsetting today’s losses were Ariston and Zimre Holdings Limited that added 0.18% and 0.12% to close at $0.0500 and $0.2400 respectively.
Activity aggregates enhanced in the session as volumes traded increased by 181.44% to 12,665 shares while, turnover ballooned by 265.95% to $32,935.75. In the volume category Star Africa and Delta were the top traded stock as they claimed 86.78% of the totals. In the turnover category, trading was confined in Delta that claimed 99.08% of the value traded