Heavies drag the ZSE…
Heavy cap counters dragged the market in week-ending session as the primary All Share Index fell 2.65% to 201.75pts while, the Blue-Chip Index lost 3.14% to 194.65pts. The Agriculture Index dropped 7.01% to 168.79pts while, the Mid Cap Index eased 1.20% to 251.83pts. Hippo led the laggards of the day on a 15.00% plunge to $5.2785, followed by telecoms giant Econet that dropped 14.73% to $2.9926. Seed producer SeedCo tumbled 13.78% to $3.3195 while, BAT retreated 8.42% to close at $87.0000. Milk processor Dairibord capped the worst performers of the day on a 5.56% decline to end at $1.7000. Partially mitigating today’s losses was Ecocash that charged 7.72% to $0.1691 while, brick maker Willdale surged 5.24% to settle at $0.0318. RioZim completed the risers of the day on a 0.04% uplift to $0.8670.
Activity aggregates were enhanced in the session as volume traded ballooned 208.56% to 6.12m shares while, turnover grew by 101.83% to $22.89m. Econet highlighted the activity aggregates claiming 84.94% of the volume aggregate and 67.92% of turnover. The other notable value driver of the day was Delta that accounted for 23.96% of the total volumes. No trades were recorded on both the ETF and the REIT section.