ZSE reverses prior session’s losses…
The ZSE market recovered from prior session’s losses mainly
anchored by mid cap counters that dominated the top ten
risers list of the day. The All-Share Index was 0.67% firmer at
362.89pts while, the Blue-Chip Index was 0.44% up at
365.23pts. The Agriculture Index was 1.64% up at 271.62pts as
Tanganda, Dairibord and Hippo continued to soar while, the
Mid Cap Index rose by 1.48% to 377.96pts. Headlining the
risers list of the day was digital and print media group
Zimpapers that charged 14.71% to $0.0780, trailed by
Mashonaland Holdings that advanced 13.00% to $1.2995.
Packaging company Nampak surged 10.14% to $0.7600 while,
tea producer Tanganda edged up 8.85% to $1.4751. Dairy
processor Dairibord buttressed prior session’s gains as it
inched up 7.52% to $2.8000. Trading in the negative were
bankers TNCI that plunged 12.13% to $0.1050 while, NMB
eased 3.46% to settle at 5.0200. ART Holdings was 0.97%
weaker at $0.2426 while, exchange holdings company ZSE
parred of 0.32% to $1.1950 as demand remained constrained
in the counter. Meikles Holdings was 0.09% down at $3.3902.
Activity aggregates faltered in the session as volumes traded
declined by 94.62% to 1.43m shares while, turnover declined
by 95.36% to $6.14m. The Trio of TNCI, Nampak and Delta
drove the volume aggregates of the day as they contributed a
combined 91.35% of the total traded. In the turnover category,
activity was mainly skewed toward Delta that claimed 89.59%
of the total traded. No trades were recorded in the ETF
category while, the Tigere REIT plunged 3.63% to $1.0515 as
175,804 units traded in the name. Elsewhere, construction
group Masimba Holdings reported that it is pivoting towards
private sector construction projects to strengthen cash flows
and reduce reliance on government-funded infrastructure
contracts.