ZSE Market Commentary 15 May 2024
Delta anchors activity aggregates …
Beverages concern Delta anchored the volume and value aggregates as 216,302 shares worth $1.54m exchanged hands. The trades represented 53.22% of the total volumes traded and 96.58% of the turnover.
Other notable volume drivers of the day were Star Africa and Zimre Holdings with respective contributions of 21.98% and 14.82%. Volumes declined 94.28% to 404,900 shares while, turnover dipped 83 .62% to $1,584,295.23. Cumulatively, 35,475 units worth $757.25 exchanged hands in three ETFs, with no price movement being registered on the bourse. The Tigere REIT ticked up 0.06% to
$0.5950 while, the Revitus Property Opportunities slipped 4.55% to $0.2100.
Marginal gains were recorded on the bourse in mid-month trades as the All-Share Index put on 0.33% to 94.86pts while, the ZSE Top Ten Index charged 0.62% to 93.13pts. The ZSE Agriculture Index added 0.16% to 90.21pts while, the Mid Cap Index rose 0.94% to end pegged at 97.15pts. Gainers of the day were led by First Mutual Holdings that jumped 8.04% to $1.9050 trailed by, Meikles that surged 4.55% to $2.3000. Hippo improved 0.85% to $3.5400 while, Econet advanced 0.74% to settle at $1.2593.
Brick makers Willdale capped the top five winners of the day on a 0.28% lift to $0.0352. Partially mitigating today’s gains were losses in property concern FMP that succumbed 7.69% to $0.2400. Star Africa followed on a 4.41% tumble to $0.0086 as Ecocash trimmed 2.44% to end at $0.2341. OK Zimbabwe let go 0.09% to $0.5295 while, Delta retreated 0.02% to $7.1005 ahead of its analyst briefing this afternoon.
VFEX All Share lnde>< tumbles... The VFEX All-Share Index trimmed 0.89% to close at 98.89pts weighed down by First Capital, Axia and Padenga. Banking group First Capital lost 17.93% to trade at $0.0206 while, Axia shed 7.76% to $0.0701. Padenga retreated 3.67% to settle at $0.3495. lnnscor rose 1.81% to $0.4324 as African Sun stepped up 1.58% to $0.0641. Fast foods group Simbisa added 0.03% to $0.3495. Activity aggregates were depressed in the session as seen in volumes traded that dropped 9.14% to 1,414,532 shares while, value outturn plunged 90.13% to $62,065.25. Volume drivers of the day were First Capital, Axia and Padenga that claimed a combined 99.64% of the outturn. Value drivers of the day were First Capital, Axia and Padenga with respective contributions of 33.57%, 33.02% and 28.99%. efesecurities