There was a marked slow done in activity with turnover falling below the $1mn mark as a 40.56% decline took it to $0.70mn. Econet had a healthy share of today's trades shoring $500,000.00 or 71.43% of value traded while the rest of the market contributed the balance of $198,478.00 or 28.42%. Foreign trades were in Econet only with buys worth $0.28mn and sales amounting to $0.30mn. Both measures were down with purchases falling 60.52% and sales giving up 56.28%. Volumes of the day were down 27.96% to 4.56mn shares with 52.36% of it coming from Barclays and ZPI.
The industrial Index managed to scratch 0.22% gains to end at 170.28pts bringing its YTD gain to 4.6%. This was on the back of gains in the agricultural and banking sectors. Hippo rebounded 0.22% from yesterday's loss to settle at 45.1c while Barclays continued unbriddled rising 12.5% to 4.5c bringing its YTD gain to 80%. Holding back the market's momentum was Econet that traded light shedding a marginal 0.04% to 55c with net selling at this level and Masimba that dropped 13.33% to close at 1.3c. Masimba the building contractors and manufacturers of infrastructure and construction materials is currently trading under a cautionary. Minings were for the 6th consecutive day stable at 59.93pts with Rio trading unchanged at 15c.
Delta maintained its 116c price on shallow bids and yielded $9,332.20 in value of trades. Innscor did not register trades with buyers raising their bid to 58c and while sellers remain stuck at 60c currently its upper end esistance level. Buyers continue to aggressively look for SeedCo shares at current price of 102c with no real supply coming out. SeedCo is the only listed seed company on the ZSE. Meanwhile the local seed industry will host 2015 Africa Seed Trade Association congress in Victoria Falls from 2-5 March 2015. This is a regional initiative set to promote and finding business opportunities for seed companies, promoting trade for quality seeds and to strengthen communication with the rest of the world among others.
In economic news, the Central Bank is expected to present the Monetary Policy statement this week, a second presentation by the incumbent Governor Dr John Mangudya.