ZSE Market Commentary 18 June 2024
ZSE extend gains in Tuesday’s session…
The ZSE extended gains in Tuesday’s session as the All-Share Index rose 0.96% to 112.15pts while, the Blue-Chip Index firmed up 0.65% to 116.39pts. The Agriculture Index went up 0.54% to 95.23pts while, the Mid Cap Index added 1.37% to 110.66pts. Spirit and wines distiller AFDIS headlined the top performers of the day on a 15.00% jump to $2.9900, followed by life assurer Fidelity that surged 14.95% to close at $1.1845. Proplastics climbed 13.44% to $0.6262 while, retailer OKZim charged 13..22% to settle at $0.5099.
Tea producer Tanganda capped the top five winners of the day on a 4.97% uplift to $1.3200. In contrast, hotelier RTG eased 2.73% to $0.2432 while, Zimre Holdings Limited dropped 2.38% to end the day pegged at $0.3324. The market closed with a positive breadth of eleven as fifteen counters recorded gains against four that faltered.
Activity aggregates faltered in the session as volumes traded dropped 10.43% to .08m shares while, turnover declined 74.03% to $624,909.83. Top volume drivers of the day were OKZim (38.26%), Ecocash (21.05%), Willdale (9.41%) and Proplastics (9.24%). The trio of OKZim, Delta and Econet contributed a combined 68.33% to the total value traded. The Morgan and Co Multi Sector ETF was the only fund to trade in the session as 350 units exchanged hands at a stable price of $0.4200. The Revitus REIT retreated 1.81% to close at $0.3305 while, the Tigere REIT tumbled 0.32% to end the day pegged at $0.6381.
lnnscor highlights the session…
lnnscor highlighted the session as 82,569 shares worth
$34,782 .84 exchanged hands in the name. The trade accounted for 89.01% of the total volumes traded and 85.15% of turnover. Volumes traded succumbed 88.13% to 92,766 shares while, turnover tumbled 85 .31% to $48,849.58
The VFEX All Share Index lost 1.53% to 99.65pts. Apparel retailer Edgars led the laggards of the day on a 7.69% retreat to $0.0180 while, lnnscor slipped 7.24% to close at $0.4267. Fast foods group Simbisa capped the fallers of the day on a 0.09% drop to end at $0.3492 . Partially mitigating today’s losses was Zimplow that grew 19.33% to $0.0179, trailed by banking group First Capital that ticked up 0.91% to close at $0.0334. Padenga capped the winners of the day on a 0.63% lift to end the day pegged at $0.1600.-efesecurities-
Bulls n Bears