Losses in selected heavies drags the market…
The market faltered in Tuesday’s session as losses in selected heavies weighed down the ZSE. The mainstream All Share Index shed 1.73% to 209.96pts while, the ZSE Top Index eased 2.57% to 206.87pts. Contrastingly, the Mid Cap Index grew 0.58% to 241.68pts while, the ZSE agriculture Index inched up 0.32% to 182.96pts. Banking group CBZ was the major casualty of the day after a 14.97% plunge that took it to $7.4400 on scrappy 120 shares. Tea company Tanganda followed on a 6.50% decline to $0.7012 as SeedCo Limited plummeted 3.22% to $3.8710. Econet trimmed 2.95% to end pegged at $5.2364, having traded an intraday low of $5.0000. TSL capped the top five shakers of the day on a 1.48% loss to $2.1501. Star Africa led the risers’ pack on a 6.01% jump to $0.0300 as Nampak trailed on a 2.36% lift to $0.5154. Hippo added 1.14% to $7.2316 as mining house RioZim improved 1.06% to $0.6367. Milk processor Dairibord held the fifth position of the gainers’ table after rising 0.28% to close at $1.8000.
Turnover ballooned 113.48% to $8.22m as Delta and Econet anchored the aggregate on respective contributions of 51.46% and 21.87%. Volumes jumped 375.12% to 1.96m shares as Nampak, Econet and Delta claimed a combined 73.57%. The Tigere REIT edged up 4.70% to $1.5744 as the Revitus REIT enhanced 4.63% to $1.3000. Cumulatively, 21,424 units worth $33,592.23 exchanged hands in the two ETFs.