ZSE Market Commentary 21 May 2024
ZSE records ma rginal gains…
The ZSE market recorded marginal gains as the primary All Share Index gained 0.07% to 95.62pts while, the Blue-Chip Index fell 0.47% to 93.81pts. The Agriculture Index added 1.04% to 93.74pts while, the Mid Cap Index edged up 1.15% to 99.23pts.
FMP headlined the top performers of the day on a 14.86% jump to $0.3170, followed by insurer Fidelity that climbed 13.80% to $0.6600. Seed producer Seed Co surged 9.05% to $1.8286 while, Proplastics advanced 4.58% to close at $0.4000. Fintech group Ecocash Holdings led the laggards of the day on a 13.66% drop to $0.1761 while, banking group FBC
$0.0070 while, Turnall eased 1.45% to $0.0271. Nampak capped the top five lo.sers of the day on a 0.46% slide to end the day pegged at $0.4400. The market closed with a positive breadth of six after fourteen counters recorded gains against eight that faltered .
Activity aggregates were mixed in the session as volume traded declined 22.59% to 550,600 shares while, value outturn grew 93.53% to $1.53m. The top volume drivers of the day were Delta (30.48%), Econet {22.94%) and Dairibord (20.96%).
The threesome of Delta and Econet contributed a shared 88.84% to the total value traded. A total of 6,440 units exchanged hands in the ETF section. MIZ ETF tumbled 15.00% to $0.0085 while, OMTI ETF was unchanged at $0.1100 as 1,440 units traded. Revitus REIT edged up 2.33% to $0.2200 while, Tigere REIT closed 0.82% higher at $0.6351.-efesecurities