ZSE slips into the red…
ZSE slipped into the red in Thursday’s session as the mainstream All Share Index declined 0.47% to 205.84pts. The Blue Chip Index was 0.61% weaker at 206.72pts mainly weighed down by losses in First Mutual Holdings and Mashonaland Holdings. On the contrary the Agriculture Index was 0.09% firmer at 178.34pts while, the Mid Cap Index rose a negligible 0.004% to 225.96pts. Leading the laggards of the day was First Mutual that parred of 9.09% to $4.0000 while, property concern Mashonaland Holdings was 8.28% weaker at $1.3300. Zimre Holdings eased 3.45% to $0.2800 as supply continued to surge in the counter while, agriculture concern Ariston retreated 3.33% to $0.0580. Banking group ZB parred off 0.23% to $4.0008 as it capped the top five worst performers’ list of the day. Partially offsetting today’s losses was banking group Ecocash that charged 12.23% to $0.2076, trailed by sugar processor Star Africa that added 2.97% to $0.0430. Retailer OK Zimbabwe continued to buttress prior session’s gains as it edged up 1.58% to $0.4068 on the back of resurgent demand in the counter while, Dairibord was 1.21% up at $1.4600. Telecommunications group Econet fastened the top five risers of the day on a 0.99% increase to $3.6102.
Activity aggregates were enhanced in the session as volume traded ballooned by 807.18% to 7.80m shares while, turnover surged by 542.29% to $2.86m. Activity was mainly skewed towards Econet that traded 7.42m shares worth $26.78m, to represent 95% of the volume traded and 93.67% of the value traded. In the ETF category, the Datvest MCS was 1.41% up at $0.0300 as 70,800 units exchanged hands. The Tigere REIT shed 0.27% to close at $1.1151.