ZSE rebounds in Monday’s trades ...
The ZSE market rebounded in Monday’s trades mainly anchored by gains in mid and heavy Cap counters. The AllShare Index was 1.52% firmer at 200.86pts while, in the same
vein the Blue-Chip Index added 1.52% to 197.41pts driven by gains in TSL and Econet. The Agriculture Index was 1.34% up at 171.75pts while, the Mid Cap Index charged 1.52% to settle at 233.32pts. Leading the risers of the day was Ariston that edged up 17.90% to $0.0235 while, Nampak recovered from prior losses on a 14.97% upsurge to end at $0.5915. Agriculture concern TSL was 12.90% firmer at $2.1000 on scrappy 300 shares as the counter continued to ride on news about a good special dividend payout. Telecommunications giant Econet garnered 9.16% to $4.1016 while, Turnall jumped 6.18% to $0.1255 as it fastened the top five risers’ list of the day. Trading in the negative was exchange operator ZSE that fell by 1.06% to settle at $1.7800 while, property concern FMP was 0.05% weaker at $1.0495. Meikles parred off 0.04% to end at a VWAP of $3.2901. Elsewhere, tyre producer NTS issued a cautionary statement advising stakeholders that it intends to delist from the exchange and it is in process of acquiring regulatory approvals.
Activity aggregates faltered in the session as volumes traded fell by 37.10% to see 5.18m shares worth $28.63m exchange hands in the session. This represented a 63.80% decline in turnover. Top volume and value drivers of the day were the duo of Econet and Delta that contributed a combined 96.70% of the volume traded and 99.18% of the turnover. In the ETF category, the Datvest MCS fund was 11.29% firmer at $0.0345 as 321,380 units exchanged hands in the session. In the REIT category, the two funds traded sideways, as the Revitus REIT was 10.25% higher at $1.1025 while, the Tigere REIT was 1.95% weaker at $1.9610.