Heavies drag down the market…
Losses in selected heavies weighed on the ZSE in midweek session to see their own Index drop 4.61% to 57,772.27pts. The All-Share Index retreated 2.93% to end at 128,802.84pts while, the ZSEAgriculture Index trimmed 0.21% to 510.95pts. On the contrary, the Mid Cap rose 0.59% to close at 505,930.12pts. Delta led the laggards of the day on a 10.28% dip to $2,326.6811 as milk processor Dairiboard gave up 9.61% to close at $416.0000. Property concern FMP eased 4.75% to finish at $119.0000 while, Ariston was 2.61% softer at $31.1654. Telecoms giant Econet rounded up the top five shakers of the day on a 2.02% slip to close at a price of $480.3034. Headlining the risers of the day was seed producer Seed Co Limited that closed 14.75% firmer at $642.0000 as First Mutual Holdings improved 14.29% to $280.0000. Zimre Holdings advanced 11.52% to end pegged at $92.0000 while, bankers CBZ went up 7.49% to $913.7500. Life assurer Fidelity added 6.48% to settle at $150.0000 completing the top five gainers of the session. Twelve counters registered losses against ten that gained leaving the market with a negative breadth of two.
Activity aggregates were depressed in the session as seen by volumes that plunged 52.42% to 3.85m shares while, value outturn shed 1.18% to $2.17bn. Foreigners were net sellers in the session as outflows stood at $662.40m while, inflows amounted to $11.59m. Volume leaders were Mashonaland Holdings (22.94%), OKZim (20.90%), Econet (19.48%), Delta (15.85%) and Star Africa (6.64%). Delta and Econet were the top traded counters by value as they claimed 62.56% and 15.88% of the aggregate apiece. A total of 80,831 units worth $1.22m exchanged hands in the five ETFs.