ZSE downtrend continues into the third week…
The ZSE downtrend continued into the third week as the mid cap counters weighed on the market. The mainstream AllShare Index fell 0.04% to 195.83pts while, the Mid Cap Index fell 0.19% to 241.40pts. On the contrary, the Blue-Chip Index edged up 0.02% to 189.75pts while, the Agriculture Index rose 0.03% to 152.82pts. ZSE Holdings led the fallers of the day on a 10.77% retreat to end pegged at $2.9995 while, retail company OKZIM lost 2.02% to close at $0.2700. Meikles Limited whose suspension was lifted today, registered a 0.06% loss to land at $3.5000 as 200 shares were exchanged hands in the conglomerate. Ecocash Holdings parred off 0.05% to $0.1250 while, TSL Limited capped the losers of the day on a 0.04% retreat to settle at $2.8465. Trading in the positive was ART Corporation that climbed 9.27% to settle at $0.1590 as SeedCo Limited followed on a 0.41% uplift to $2.4600. Sugar refiner Star Africa grew 0.24% to $0.0407 while, Proplastics went up 0.12% to $1.2205. Telecoms giant Econet completed the gainers’ list on a 0.10% increase to close at $3.8043.
Activity aggregates enhanced in the session as turnover soared 150.95% to $98.17m while, volumes traded surged 112.95% to 26.50m shares. NMB Holdings took the spotlight in the session as the banking group anchored both the volume and value aggregates claiming 93.98% and 93.88% apiece after 24.91m shares were traded in the session. Cass Saddle ETF fell 0.54% to $0.1480 as 700 units were traded in the session while, the Tigere REIT edged up 0.55% to $1.3800 as 400,710 units exchanged hands in the session.