Heavies drag down the market...
The market was depressed in the last session of the week as losses in selected heavies dragged down the market. The Primary All Share Index trimmed 2.36% to close at 197.85pt while, the Blue Chips Index followed suit after a 2.74% loss to 194.45pts. The Mid Cap Index shed 0.91% to end at 229.82pts while, on the contrary the ZSE Agriculture Index rose 0.67% to 169.47pts. Leading the decliners of the day was the duo in FML and Proplastics that dropped a similar 15.00% to close the day at $2.2100 and $0.9350 apiece. Mashonaland Holdings was 14.67% down at $1.1947 while, Turnall completed the top five fallers of the day on a 9.08% drop that took it to $0.1182. Star Africa was the top gainer of the day after a 20.34% surge that took it to $2.2100. TSL trailed on a 4.49% uplift to $1.8600 as milk processor Dairibord grew 4.00% to end pegged at $1.3000. Banking groups NMB and CBZ rose 0.03% and 0.01% to $4.1000 and $8.2000 respectively.
Eighteen counters recorded price movements disseminated into five decliners and thirteen losers to see the market end with a negative breath of eight. Foreign purchases amounted to $10.57m while, sales stood at $27.87m to record a net funds outflow position of $17.30m. Activity aggregates were mixed in the session as volume of shares traded succumbed 83.16% to $8.24m while, turnover ballooned 667.28% to $79.11m. Delta and Econet were the top traded stocks by volume and value claiming a combined 94.91% of the former and 99.62% of the latter. Morgan and Co MCS gained 0.50% to $2.0000 on scrappy 80 units. The Tigere REIT was stable at $2.0000 on 60,765 units while, the Revitus was unchanged at $1.0000 on 50 units.