ZSE falters in Monday’s trades…
The ZSE market faltered in Monday’s trades as the All-Share Index retreated 2.75% to 245.85pts while, the Blue-Chip Index parred off 3.52% to 262.20pts, weighed down mainly by Econet, FBC and CBZ. The Mid-Cap Index was 0.51% weaker a 210.74pts while, the Agriculture Index fell by 0.84% to 203.48pts. Brick maker Willdale led the laggards of the day as it plunged 19.03% to settle at $0.0400 where demand could be found. Telecommunications giant Econet capped the session at $3.0359, following a 13.26% descent. The duo of banking groups in FBC and CBZ dipped 8.33% and 8.31% respectively to see the former close at $11.0009 and the latter at $16.5035. Tea producer Tanganda fastened the top five worst performers list of the day on a 7.43% trim to $2.9138. Partially offsetting today’s losses was Ecocash that edged up 12.85% to $0.3611, followed by bankers NMB that advanced 10.00% to $3.3000. Retailer OK Zimbabwe ticked up 2.40% to close at a VWAP of $0.8432 while, property concern First Mutual rose 0.56% to $0.7240. ART fastened the top five gainers list of the day on a 0.45% growth to $0.5525.
Activity aggregates improved in the session as volumes traded ballooned 388.30% to 2.48m shares while, turnover jumped 497.42% to $9.08m. Activity was mainly confined in Econet that contributed 76.97% of the volume traded and 63.68% of total turnover. Other notable value drivers were Delta (14.07%) and FBC (13.74%). In the ETF category, Datvest MCS ETF soared 7.25% to $0.0322 while, Old Mutual Top 10 ETF was 4.92% up to close at $0.2100. The Tigere REIT shed 2.69% to close at $1.2640 as 15,792 units exchanged hands.