Heavy and Mid-Cap counters weigh the
market…
Heavy and Mid-Cap counters weighed the market in the
penultimate session of the week as the All-Share Index
retreated 1.14% to 351.36pts. The Blue-Chip Index was 0.80%
weaker at 359.93pts while, the Agriculture Index dropped
5.43% to 239.85pts as three of its constituents dominated in
the losers’ list. Leading the laggards of the day was Hippo
Valley that eased 14.83% to $7.4700 as scrappy 100 shares
traded in the name, trailed by seed producer SeedCo limited
that shed 14.35% to $3.9500. Agriculture concern TSL
succumbed 11.97% to close at a VWAP $3.2131 while,
beverages giant Delta continued to lose ground as it fell 3.28%
to $26.0142. Roofing materials producer Turnall shed 1.84% to
$0.0962. Partially offsetting today’s losses was Fidelity Life
Assurance that garnered 15.00% to $0.4600, followed by
mining concern RioZim that advanced 14.85% to $0.7500. Tea
producer Ariston was 6.85% firmer at $0.0328 while, sugar
processor Star Africa added 6.54% to end the day pegged at
$0.0345. Banking group TN ticked up 5.82% to settle at
$0.1010 as it fastened the top five gainers’ list of the day.
Activity aggregates continued to falter in the session as
volumes traded fell by 51.39% to 1.57m shares while, turnover
declined 13.85% $2.73m. Leading the volume aggregates of
the day was Tanganda that contributed 82.89% of the total
traded. The duo of Delta and Dairibord drove the value
aggregate as they claimed 76.65% and 14.86% of the turnover
traded. The Morgan & Co MCS was 2.95% weaker at $1.7705
while, the Datvest MCS edged up 0.81% to $0.0800. The Tigere
REIT was 11.17% up at $1.2617 as 2.04m units traded in the
name.