ZSE Market Commentary 14 May 2024
ZSE extends gains…
The ZSE market extended gains in the second session of the week as the All-Share Index rose 0.32% to 94.55pts while,the Blue-Chip Index firmed up 0.35% to 92.55pts. The Agriculture
gained 0.07% to 96.24pts . Seed producer SeedCo headlined the top performers of the day on a 9.46% jump to $1.5325 , followed by retailer OK Zimbabwe that surged 8.01% to close at $0.5300. Banking group CBZ advanced 2.78% to $3.7000 while, First Mutual Holdings climbed up 1.34% to end pegged at $1.7633.
Sugar processor Hippo Valley completed the top five winners of the day on a 0.29% uplift to $3.5100. Contrastingly, brick manufacturer Willdale led the laggards of the day on a 12.25% drop to $0.0351 while, Fidelity trailed on a 12.12% retreat to settle at $0.5800.
Star Africa declined 9.09% to $0.0090 while, Mashonaland Holdings trimmed 5.14% to $0.1316. Telecoms giant Econet capped the top five fallers of the day on a 0.12% slide to end the day pegged at $1.2500 . The market closed with a positive breadth of one as six counters recorded gains against five that faltered.
Activity aggregates enhanced in the session as volumes traded ballooned 139.11% to 7.08m shares while, value outturn grew 117.61% to $9.67m. Econet highlighted the activity aggregates of the day after contribut ing 93.91% to total volumes and 85.87% to the value outturn. The other notable value driver of the day was Delta that accounted for 12 .92% of the outturn.
A total of 4,968 units exchanged hands in the ETF section. Morgan and Co Multi sector ETF inched up 0.03% to close at $0.3800 while, the OMTT ETF exchanged 4,220 units flat at $0.1100. Tigere REIT eased 5.73% to end the day pegged at $0.5946 after 73,508 units exchanged hands in the session. –efesecrities