ZSE Market Commentary 16 May 2024
ZSE slips into the red in penultimate session
The ZSE market recorded losses in the penultimate session of the week as the All-Share Index lost 0.93% to 93.98pts while, the Blue-Chip Index fell 1.10% to 92.lOpts. The Agriculture Index remained unchanged at 90.21pts as the Mid Cap Index eased 0.49% to 96.67pts. Brick manufacturer Willdale Limited headlined the shakers of the day on a 25.10% retreat to $0.0264, followed by Proplastics that dropped 9.57% to $0.4065.
Retailer Ok Zim dipped 5.57% to close at $0.5000 while, Star Africa trimmed 3.52% to $0.0083. Beverage giant Delta capped the top five laggards of the day on a 2.17% slide to end the day pegged at $6.9463. Partially mitigating today’s losses was Ecocash Holdings that put on 0.36% to settle at $0.2350 . Hotelier RTG advanced 0.02% to end the day pegged at $0.2125 . The market closed with a negative breadth of seven as eleven counters recorded losses against four that gained.
Activity aggregates enhanced in the session as volume traded ballooned 3,049.32% to 12.75m shares while, value traded grew 50,047.14% to $794.48m . The top volume drivers of the day were ART (54.90%} and Econet (39.86%).
The threesome of Econet, ART and Delta dominated the total value traded after contributing a combined 94.66% of the outturn. A total of 30,028 unis exchanged hands in the ETF sect ion in Datvest MCS and Old Mutual ETF as they claimed 92.34% and 7.66% of the volumes traded apiece. No price changes were recorded in the ETF section. Tigere REIT ticked up 6.65% to $0.6346 while, the Revitus Property Opportunities shored up 2.29% to end at $0.2148 .-efesecurities