ZSE eke out gains in midweek session…
The ZSE eked out gains in midweek session as the mainstream All Share Index put on 0.20% to close at 191,561.61pts. The Mid Cap Index rose 0.83% to end at 849,516.12pts. Contrastingly, the ZSE Top Ten Index retreated 0.12% to 81,196.19pts and the ZSE Agriculture Index trimmed 0.13% to 602.72pts. Cable manufacturer Cafca surged 15.00% to $2,530.0000 while, Fidelity Life garnered 13.53% to $235.0000. Zimre holdings charged 12.50% to $180.0000 while, banking group CBZ jumped 5.30% to $2,096.5000 post announcement of executive changes in the group. Zimpapers capped the top five positive movers of the day on a 4.50% rise to $28.0000. On the downside was FBC that dipped 5.28% to $956.7059 while, retailer OKZIM shed 1.17% to $195.0228. Tea company Tanganda slid 0.81% to $950.0000 while, Delta lost 0.54% to $3,508.9445. Telecoms giant Econet tripped 0.49% to close the session at $723.1091.
Volume of shares traded dropped 21.65% to 1.40m while, turnover soared 71.26% to $1.26bn. Volume drivers of the day were OKZIM (30.17%), Delta (19.17%), FBC (17.41%), Star Africa (14.39%) and Ecocash (12.63%). Delta and FBC anchored the value aggregate on respective contributions of 72.03% and 17.84%. The Old Mutual ETF improved 8.64% to $34.4957 while, Morgan and Co MCS fell 1.25% to $483.8795. Morgan & Co MIZ ETF was stable at $9.5000 on 900 units. The Old Mutual ETF claimed 92.63% of the volume aggregate and 73.15% of the value aggregate. The Tigere REIT was 0.20% weaker at $299.4066 as 85,771 units exchanged hands.