Losses persist into the new week...
Losses on the bourse persisted into the new week as the AllShare Index retreated 0.41% to 204.31pts while, the Top Ten Index fell 0.62% to 202.60pts. On the contrary, the Agriculture Index added 0.38% to 164.71pts while, the Mid Cap Index edged up 0.41% to 229.39pts. Retailer OKZIM headlined the losers of the day having lost 11.82% to close at $0.2100 as FML followed on a 5.27% decline to settle at $2.6525. Mashonaland Holdings pared off 2.06% to $1.4000 while, telecoms giant Econet trimmed 1.88% to $4.3995. Tanganda Tea Company capped the top five losers of the day on a negligible 0.04% loss to land at $0.8047. Partially mitigating today’s losses was sugar refiner Star Africa that jumped 4.00% to end pegged at $0.0312 with Ariston trailing on a 3.24% climb to finish at $0.0319. Seed Co Limited ticked up 3.23% to $3.0005 while, Turnall firmed up 0.22% to $0.0702. Beverages manufacturer Delta completed the top five gainers’ list on a 0.07% rise to close at $14.0001.
Activity aggregates improved in the session, as volumes traded surged 28.37% to 507,700 shares while, turnover jumped 20.30% to $1.70m. The volume drivers of the day were Econet (28.56%), Dairibord (21.94%), Star Africa (10.50%), Hippo Valley (8.51%) and Delta (7.84%). Econet, Delta and Hippo Valley drove the value aggregate as they claimed 82.02% of the total. The Revitus REIT notched up 0.82% to $1.0000 as 250 units were traded while, the Tigere REIT charged 5.20% to $2.0000 as 400,634 units exchanged hands.