ZSE records a 0.73% loss...
The ZSE market recorded a 0.73% loss in the session to close pegged at 202.82pts as activity across the board remained minimal. The Blue-Chip Index was 0.91% weaker at 200.75pts while, the Mid Cap Index was 0.01% lower at 229.37pts. The Agriculture Index was 1.34% firmer at 166.92pts anchored by gains in SeedCo, TSL and Dairibord. Leading the laggards of the day was Proplastics that eased 12.42% to $1.1000 while, telecommunications company Econet continued to lose ground in the session as it parred off 4.79% to end at a VWAP of $4.1886. Retailer OK Zimbabwe was 3.55% weaker at $0.2025 while, Tanganda plunged 3.11% to settle at $0.7797 as the tea company continue to work on modalities regarding a US$8m renounceable rights offer. Life assurer FML was 1.98% weaker at $2.6000. Partially weighing down the market was seed producer SeedCo Limited that advanced 9.35% to $3.2812, followed by TSL that rose 0.27% to end at a VWAP of $1.5642. Dairy processor Dairibord was 0.09% up at $1.2178 while, beverages giant Delta was 0.05% firmer at $14.0078.
Conglomerate ART fastened the top five gainers’ list of the day
on a 0.02% rise to $0.0955.
Activity aggregates continued to improve on the back of block trades in Econet and Proplastics. Volumes traded ballooned 289.72% to see 1.98m shares worth $4.76m exchange hands in the session, this represented a 179.14% increase in turnover. The duo of Proplastics and Econet drove the volume aggregate as they claimed a combined 79.97% of the total traded. In the turnover category, the trio of Econet, Proplastics and Delta contributed 42.41%, 25.44% and 18.40% respectively. In the ETF category, the Morgan & Co Multi
sector ETF was 0.50% higher at $2.0000 while, the Datvest MCS was stable at $0.0300 as 14,400 units exchanged hands in the name. The Tigere REIT was 0.01% weaker at $1.9995 as 68,859 units traded in the name.