ZSE reverses prior session’s gains …
The ZSE market reversed prior session’s gains to end the penultimate session of the week pointing southwards. The primary All Share Index fell 1.08% to 247.29pts while, the Blue-Chip Index lost 1.31% to 265.25pts. The Agriculture Index dropped 2.00% to 205.90pts while, the Mid Cap Index eased 0.44% to 208.13pts. Tea producer Tanganda led the laggards of the day on a 14.99% decline to $3.1475, followed by Proplastics that tumbled 13.07% to $1.7387. Telecoms giant Econet retreated 8.41% to $3.2056 while, Ariston went down 7.70% to $0.0391. Retailer OK Zimbabwe capped the top five worst performers of the day on a 6.10% slid to end the day pegged at $0.7514. Partially mitigating today’s losses was banking group NMB that jumped 14.75% to $3.4425 while, ART firmed up 10.00% to $0.5500. Zimre Holdings surged 9.42% to close at $0.3775 while, Mashonaland Holdings charged 8.30% to $0.7500. Fintech group Ecocash Holdings completed the top performers of the day on a 5.09% uplift to end the day pegged at $0.3170. The market closed with a negative breadth of four after fifteen counters recorded losses against eleven that recorded gains.
Activity aggregates declined in the session as volumes traded fell 1.88% to 6.35m shares while, value traded dropped 37.17% to $21.92m. Top volume drivers of the day were Econet (81.37%), OKZim (9.86%) and Delta (4.00%). Econet anchored the volume and value aggregate after a lone contribution of 81.37% and 75.51% apiece. 44,867 units exchanged hands in the ETF category. Morgan and Co Multi sector ETF and Datvest shot up a similar 15.00% to settle at $0.7475 and $0.0345 respectively. Tigere REIT went up 3.90% to end the day pegged at $1.2988 as 40,387 units exchanged hands in the name.