ZSE Market Commentary 22 April 2024
ZSE records gains in week-opener …
The ZSE market recorded gains in the opening session of the week as the All-Share Index rose 0.35% to 96.33pts while, the Blue-Chip Index firmed up 0.46% to 93.42pts. The Mid Cap Index inched up 0.23% to 102.55pts while, the Agriculture top performers of the day on a 12.76% jump to $0.5863, followed by wine and spirit distillers AFDIS that surged 2.16% to settle at $2.2500. Beverages giant Delta climbed 1.58% to $6.3946 while, fintech group Ecocash Holdings edged up 1.32% to $0.3050.
Turnall capped the winners of the day on a 0.26% uplift to end the day pegged at $0.0271. Star Africa led the laggards of the day on a 50.05% retreat to $0.0020, followed by Mashonaland Holdings that dipped 14.95% to $0.1280.
Seed producer SeedCo dropped 2.81% to $1.7495 while, Nampak declined 2.39% to close at $0.4783. Brick manufacturer Willdale capped the top five fallers of the day on a 2.15% decline to end the day pegged at $0.0491. The market closed on a negative breadth of three after six counters recorded gains against nine that faltered.
Activity aggregates enhanced in the session as volume of shares traded ballooned 1,344.32% to 3.06m shares while, turnover swelled 148.80% to $1.16m. The top volume driver of the day was Art that claimed 88.58% of the aggregate. The trio of Delta, Art and Econet anchored the value aggregate after contributing a combined 96.13%.
A total of 28,760 units exchanged hands in the ETF section. Datvest ETF went up 0.04% to $0.0214 while, OMTI ETF advanced 0.23% to close at $0.1094. Tigere REIT slipped 2.08% to settle at $0.5581 after scrappy 1,342 units exchanged hands..-efsecurities