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Thirty-three bulls charged against six bears on the ZSE in week the opening session to register a wide positive market breadth.

 

Firming demand on the bourse helped push the Indices higher with the primary All Share adding a further 11.05% to 3,521.68pts while, the segregated Industrials ticking up 11.18% to settle at $11,797.41pts. The ZSE Top Ten Index was 10.92% firmer at 2246.11pts while, the less active Minings added 3.85% to 4096.35pts. Headlining the winners of the day was a quartet of Hippo, Unifreight, Getbucks and FMP which surged a similar 20% to end at respective of $120.0000, $0.3200, $0.2160 and $4.8000. Seedco Limited put on 19.89% to $40.3000 to complete the top five risers. Notable gains were also seen in Delta (+18.18), Econet (+19.72%), Cassava (+19.03), Innscor (19.51%), Padenga (19.25%), Simbisa (19.84%), Axia (11.88%) and Cafca(12.50%).



Activity aggregates improved in the session as volumes traded enhanced 147.87 to 15.72m shares while, turnover rose 98.80% to $131.52m. The volume aggregate was anchored by Bindura (27.97%), Star Africa (24.24% and Medtech (20.36%). Value drivers of the day were Delta, Padenga and Bindura which contributed a combined 59.89%. Foreign purchases dipped 84.74% to a mere $0.40m while, sales improved 1047.86% to $53.67m. Local purchases accounted for 99.70% of turnover while, sales claimed 59.19% of the same. Partially mitigating today’s gains were losses led by Dawn properties which eased 10.85% to $0.4903 while, RTG was 9.26% down at $1.7000 where demand could be found. Medtech shed 6.27% to $0.0703 with Star Africa sliding 2.13% to close at $0.2936. Banking group ZB was 0.05% lower at $39.9796, albeit closing bid at $40.0000.

 

EFE Securities

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