ZSE subdued in week-ending session...
The market was subdued in week-ending session on weakening demand across the board. The primary All Share Index retreated 0.51% to close at 205.16pts while, ZSE Top Ten
Index shed 0.41% to end at 203.87pts. The ZSE Agriculture Index was down 1.12% to 164.09pts while, the Mid Cap Index trimmed 0.92% to close at 228.45pts. Packaging company Nampak was the major casualty of the day having declined 14.97% to close at $0.6050 on scrappy 300 shares. Milk processor Dairibord dropped 14.93% to end at $1.2165 as ART succumbed 14.64% to $0.0955. Star Africa plummeted 13.35% to $0.0300 as Econet completed the top five shakers of the day on a 2.79% loss to $4.4838. Partially offsetting today’s losses was retailer OK Zimbabwe that charged 11.42% to $0.2381. Trailing was agriculture concern Ariston that rose 3.20% to $0.0309 as NMB added 1.70% to $4.0987. CBZ improved 0.60% to $8.2000 as Tanganda went up 0.22% to close the day at $0.8050.
Volume of shares traded dipped 89.58% to 395,500 shares as turnover tumbled 93.34% to $1.42m. Econet, NMB, Turnall and Star Africa accounted for a shared 86.54% of the volume aggregate. Econet, NMB and Delta anchored the value aggregate with respective contributions of 40.98%, 29.48% and 24.78%. Foreigners were net sellers in Delta and NMB as sells amounted to $357,407.00 with no purchases recorded. The Tigere REIT slipped 0.05% to $1.9009 as 107,391 units worth $204,136.20 exchanged hands.