ZSE breaks the rising streak…
The market broke its rising momentum on a 0.94% loss to 172,243.41pts, marking an end to twenty-six days of registering gains on the bourse. The Top Ten Index also declined 1.77% to 75,247.33pts dragged down mainly by waning Delta while, The Agriculture Index shed 1.16% to 594.90pts. The Mid Cap Index was the only index to close in the positive amongst the indices we review, after adding 0.82% to 718,932.08pts. Leading the laggards of the day was Fintech group Ecocash Holdings that succumbed 10.74% to $115.1371 while, Starafrica dropped 9.54% to $4.4327. Seed producers SeedCo Limited eased 6.21% to close at $807.5133, albeit closing well bid while, Mash Holdings Limited eased 5.23% to $145.0000. Turnall completed the top five fallers’ list on a 4.40% slump to $25.0000. There was no foreign participation in today’s session, as nil positions were registered on inflows and outflows.
Retailer Ok Limited led the top five performers of the day on a 11.29% jump to $189.3228, followed by Telecoms giant Econet that garnered 9.37% to $600.4402 on firming demand. Riozim climbed 8.11% to settle at $800.0000 while, Meikles advanced 4.60% to close at $1,000.0000. Brick manufacturer Willdale capped the top five risers pack on a 3.29% uplift to end the day pegged at $26.0000. Despite recording losses during the session, the market closed with a positive breadth of one as nine counters gained against eight fallers.
Activity aggregates enhanced in the session as volumes traded ballooned 157.86% to 19.52m shares while, value outturn grew 215.21% to $3.09bn. Ecocash Holdings and OKZim were the top volume drivers after claiming 45.04% and 30.58% respectively. The other notable volume driver was Edgars with a 22.20% contribution. The trio of OKZim, Ecocash and Delta anchored the value outturn with a combined contribution of 83.21%. Only three ETFs were active in the session as a total of 36,652 units worth $975,790.75 exchanged hands. Datvest ETF firmed up 12.50% to $9.0000 while, Cass Saddle ETF stepped