ZSE extend gains in new year opening session…
The market stretched gains into the opening session of 2024 as the primary All Share Index added 1.40% to 213,789.52pts while, the Blue-Chip Index gained 2.00% to 91,886.78pts. The Agriculture Index rose 0.19% to 627.954pts while, the Mid Cap Index firmed up 0.62% to 926,216.74pts. Cable manufacturer CAFCA led the top performers of the day on a 14.98% jump to end at a $3,846.0000while, life assurer Fidelity surged 14.89% to $270.0000. Conglomerate Meikles climbed 12.27% to $1,400.0000 while, sugar processor Hippo advanced 12.27% to $2,100.0000. Fintech giant Ecocash fastened the top five gainers list of the day on a 8.29% uplift to $190.78000. Partially weighing down the market was seed technology group SeedCo Limited that faltered 13.83% to close at a VWAP of $861.7385, trailed by sugar processor Star Africa that retreated 8.10% to $7.3520. Property concern Zimre Holdings Limited eased 5.14% to settle at $174.9781 while, brick producer Willdale was 4.62% weaker at $40.2581. Retailer OK Zimbabwe capped the top five worst performers list of the day on a 0.06% loss to $213.7140.
Activity aggregates were depressed in the session as volume traded succumbed 99.14% to 1.80m shares while, value traded declined 99.07% to $643.53mn. In the volume category trading was mainly confined in Star Africa as it contributed 58.73% of the volume traded. The threesome of Delta, Tanganda and SeedCo drove the turnover aggregates as they claimed a combined 79.95% of the value traded. In the ETF category, the funds traded mixed in the session as three faltered while, only the Morgan & Co duo registered gains in the session. Cass Saddle and the Old Mutual ETF dropped 3.27% and 1.64% to $5.6200 and $41.0000 respectively. Datvest MCS was 0.33% lower at $8.9706. The Morgan & Co MCS and MIZ added 0.72 and 5.56% respectively to see the former close at $520.0000 and the latter at $9.5000. The Tigere REIT was 0.98% up at $346.4961 as 6,333 units exchanged hands in the session.