Heavies anchor the market in mid-week trades…
The market continued on its recovery path as it charged 1.81% to 249.99pts mainly anchored by heavies that surged 2.07% to 268.78pts. The Mid-Cap Index advanced 1.18% to 209.04pts while, the Agriculture Index added 0.42% to 210.11pts. Packaging group Nampak jumped 15.00% to settle at $1.2790 while, banking group CBZ was 11.80% firmer at $17.9996. ART Holdings advanced 11.11% to close at $0.5000 while, digital media group Zimpapers surged 8.00% to end trading at $0.0702. Property concern First Mutual Properties fastened the top five gainers of the day on a 7.70% gain to $0.7000. Partially weighing down the market was Turnall that retreated 5.05% to $0.0600 while, retailer OK Zimbabwe shed 4.77% to end at $0.8002. Seed technology group SeedCo Limited parred off 1.52% to $5.3744 while, Econet lost 0.03% to $3.5001.
Activity aggregates improved in the session as volumes traded ballooned 122.05% to 6.47m yielding a value outturn of $34.89m exchange hands. This represented a 9.32% increase in turnover. Volume drivers of the day were Ecocash, Delta, Econet and OK Zimbabwe with respective contributions of 29.06%, 23.41%, 15.49% and 13.90%. In the turnover category, activity was mainly confined in Delta that claimed 78.16% of the value traded. In the ETF category, the Old Mutual Top 10 ETF was the only fund to record trades today as it edged up 4.74% to $0.2100. The Tigere REIT gained a mere 0.01% to $1.2501 as 826,576 units traded in the name.