11 July 2022
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ZSE swings back to losses...
The market reversed prior session gains mainly weighed
down by heavy cap counters. The primary All-share Index
retreated 2.42% to 16433.39pts while, the Top 10 Index fell
2.47% to finish at 9998.98pts. The Agriculture Index dropped
1.74% to 92.61pts as the Mid-cap trimmed 2.30% to
33504.72pts. The laggards’ pack was headlined by Tanganda
Tea Company which succumbed 14.49% to $144.0000 trailed
by Zimre Holdings that gave up 14.37% to end at $3.9818.
Brick makers Willdale lost 14.29% to $2.1174 as banking
group First Capital declined 11.60% to $9.6800. Capping the
top five fallers of the day was fintech group Ecocash that
eased 9.97% to $53.2776. NTS rose 11.02% to $12.0000 as it
led the gainers of the day while, hotelier African Sun followed
on 6.43% lift to $11.7917. ART holdings advanced 5.88% to
$18.0000 as fast foods outlet Simbisa added 1.56% to
$173.2883. Proplastics completed the set as it inched up
0.74% to $25.6890. Twenty counters declined against eleven
that gained pace to leave a resultant market breadth of nine.
Activity aggregates traded mixed in the session as the volume
of shares traded sunk 50.53% to 11.99m while, turnover was
19.49% firmer at $824.29m. Econet and Ecocash were the
most liquid counters for the day contributing 68.51% of the
value outturn and 53.90% of the volume aggregate. Other
notable volume drivers of the day were Mashonaland
(15.43%) and Zimre (10.89%). On the ETF market, 442,081
units worth $1.77m exchanged hands. The Datvest MCS shed
2.87% to $1.8985 while, Morgan & Co ETF trimmed 8.76% to
$26.0000. Old Mutual ETF was the only gainer with a 3.34%
uplift to $9.5633. On the VFEX, Padenga Holdings soared
15.38% to USD$0.3000 as 308 shares traded. Nickel miner
Bindura traded 60,100 shares worth USD$2,103.5000 at a
stable price of USD$0.0350.
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