ZSE commences March in gains…
The ZSE market commenced the month of March in gains as
the All-Share Index rose by 0.10% to 359.48pts while, the Mid
Cap Index was 0.94% firmer at 353.80pts. The Agriculture
Index was 1.55% up at 264.14pts while, on the contrary the
Blue-Chip Index was 0.05% weaker at 367.06pts. Leading the
gainers of the day was sugar processor Hippo that charged
14.18% to $11.5000 while, Zimre Holding trailed behind on a
12.98% surge to $0.5700. Sugar processor Star Africa inched
up 12.06% to $0.0360 while, telecommunications giant Econet
was 0.59% higher at $9.0147 despite having reached an
intraday high of $10.0000. Bankers TN Holdings capped the
top five risers’ list of the day on a 0.49% ascent to $0.1045.
Trading in the negative category was brick manufacturer
Willdale that retreated 14.30% to $0.0300 while, construction
giant Masimba plunged 14.21% to $2.1000. Packaging group
Proplastics retreated 12.88% to end pegged at 1.1500 while,
agriculture concern TSL was 8.13% lower at $3.0322. Tea
producer Tanganda closed the day pegged at $0.6500
following a 7.14% descent.
Activity aggregates faltered in the session as volumes traded
fell by 54.97% to 666,400 shares while, turnover was 75.75%
down to $6.19m. Top volume drivers of the day were Hippo,
ZSE and NMB with respective contributions of 41.07%, 13.73%
and 10.43%. The duo of Hippo and Delta drove the turnover
aggregates of the day as they claimed a combined 72.41% of
the turnover traded. In the REIT category, Tigere was 6.32%
lower at $1.3527 as 112,882 units traded in the name.