ZSE reverses prior session gains…
ZSE market reversed prior session’s gains as the primary All Share Index lost 0.10% to 492.78pts while, the Blue-Chip Index fell 0.24% to 485.41pts. The Agriculture Index declined 1.60% to 353.39pts as the Mid Cap Index firmed up 0.44% to 557.06pts. Sugar processor Hippo led the laggards of the day on a 13.07% retreat to $10.0000, followed by FML that tumbled 11.39% to $3.5000. General Beltings came off 4.77% to settle at $0.0952 while, Nampak dropped 2.61% to $1.1200. Beverages giant Delta capped the worst performers of the day on a 0.01% slip to end pegged at $36.6458. Trading in the positive territory was ZSE Holdings that jumped 14.76% to $4.4900, followed by Star Africa that ticked up 6.97% to $0.0600. Banking group CBZ Holdings went up 1.51% to $29.5748 as tea processor Tanganda firmed up 1.44% to $3.4998. Milk processor Dairibord completed the top performers of the day on a 1.20% lift to close at $5.0600.
Activity aggregates were subdued in the session as volumes fell 34.45% to 678,400 shares while, turnover shed 73.04% to $393,573.62. Top volume drivers of the day were Star Africa (79.05%), Meikles (7.86%) and TN Cybertech (7.13%). Meikles, Tanganda and Delta were the top value drivers of the day after contributing a combined 75.57% to the total. The Datvest ETF traded 370,982 units at a stable price of $0.0800 while, the MIZ ETF closed flat at $0.1200 as 10,800 units exchanged hands. The Tigere REIT edged up 4.33% to end the day pegged at $1.1294.