Mid cap counters drag ZSE into losses…
Mid Cap counters dragged the ZSE into losses as their index
retreated by 0.97% to 374.31pts while, the All Share Index lost
a negligible 0.06% to 362.68pts. The Agriculture Index was
1.02% weaker at 268.86pts, mainly weighed down by SeedCo
Limited while, on the contrary, the Blue-Chip Index was 0.15%
up at 365.78pts. Spirits and wines producer AFDIS was 13.75%
down at $13.8000 while, seed producer SeedCo Limited
retreated 10.21% to settle at 3.5749. ZSE Holdings was 7.95%
down at $1.1000 as 1,400 shares traded in the name.
Zimpapers reversed prior sessions gains as it trimmed 7.64%
to $0.0720 while, hotelier RTG was 4.73% lower at $1.6600.
Trading in the positive territory was Zimre Holdings Limited
that charged 15.00% to $0.9488 while, construction group
Masimba was 7.71% up at $2.1004. Banking giant CBZ surged
4.30% to $15.0000 while, Meikles was 0.12% higher at
$3.3943. Beverages giant Delta capped the top perfomers of
the day on a 0.11% uplift to $26.9997.
Activity aggregates were mixed in the session as volume
traded fell by 0.38% to 1.43m shares while, turnover ballooned
316.54% to $25.59m. Beverages group Delta claimed the lion’s
share of today’s activity, as it contributed 62.82% of the
volume exchanged and 94.78% of the value traded. The other
notable value driver was SeedCo Limited that contributed
10.13% of the aggregate. Morgan & Co Made In Zimbabwe ETF
was 1.00% firmer at $0.0800 while, the Cass Saddle ETD edged
up 0.80% to $0.10000. A total of 52,400 units worth $4,450.00
exchanged hands in the two funds that traded in the session.
The Tigere REIT was 2.96% down at $1.0204 as 3.52units
exchanged hands in the name.
Elsewhere, Tongaat Hulett Limited is seeking an extension of
its critical post-commencement funding facility from the
Industrial Development Corporation, along-side a ZAR200 mln
increase to ZAR2.5 bln, after delays in securing the funding
derailed its business rescue implementation and pushed the
company closer to liquidation proceedings.