ZSE commences new week in marginal gains…
The ZSE maintained its positive momentum in the week opening session as the mainstream All Share Index went up 0.83% to 255,730.17pts. The Blue-Chip Index put on 0.62% to close pegged at 114,583.46pts as demand in selected counters began to wane while, the Mid Cap Index gained 0.77% to settle at 988,996.25pts. The Agriculture Index was 1.81% firmer at 675.26pts. Headlining the best performers list of the day was General Beltings that garnered 48.13% to close trading at $35.5500 while, Edgars jumped 15.00% only to be restricted by the circuit breaker at a price of $132.25000. Seed technology group SeedCo Limited notched up 15.00% to close trading at $1,150.0000 as sellers remained scarce while, the counter traded only scrappy 100 shares. Lone listed miner RioZim advanced 12.50% to end pegged at $900.0000 on scrappy shares again while, Proplastics fastened the gainers list of the day on a 3.70% ascent to $633.0000. Trading in the negative territory was property concern Mashonaland Holdings that plummeted 2.95% to $155.3250. The duo of Econet and BAT shed a similar 0.27% to see the former close at $1,007.7107 and the latter at $13,000.0000. Activity was skewed on the upside in the session as eighteen counters advanced against three that faltered.
Activity aggregates were mixed in the session as volume traded jumped 88.43% to 3.68m shares while, turnover faltered by 29.12% to see $1.27bn exchange hands. In the volume category, Ecocash was the most sought after stock as it claimed 58.33% of the total volume traded. Other notable volume drivers were Nampak and Econet with respective contributions of 18.91% and 12.90%. The threesome of Econet, Ecocash and Nampak led the turnover aggregates as they claimed a combined 90.25% of the total. In the ETF category only two funds registered price movements, as Datvest MCS dropped 0.09% to $11.6117. The Old Mutual Top 10 ETF was 0.08% firmer at $43.0338. A total of 399,754units worth $9.28m exchanged hands in the session. The Tigere REIT was stable at $350.0000 as 11,607 units traded.