ZSE scratches gains post heroes holidays…
The ZSE market scratched gains post the heroes holiday as three of the four indices we review closed pointing northwards. The All-Share Index eked out negligible gains of 0.08% to 201.96pts while, the Mid Cap Index added 0.67% to settle at 177.26pts. The Agriculture Index advanced 1.48% to 190.52pts while, on the contrary the Blue-Chip Index was 0.28% weaker at 208.13pts. Seed technology group SeedCo Limited led the gainers of the day as it ticked up 14.46% to $3.9596, trailed by Ok Zimbabwe that garnered 5.69% to $0.8970. Banking group NMB edged up 5.48% to $3.1644 while, telecommunications group Econet gained 2.96% to end at $3.5000. Sugar processor Star Africa firmed up 2.04% to end trading at $0.0100. Partially weighing down the market was digital media group Zimpapers that fell 16.52% to $0.0460, followed by banking group FBC that plummeted 14.64% to $3.5000. Agriculture concern Ariston slipped 1.71% to close trading at $0.0400 while, cigarette producer BAT lost 1.16% to end at 45.0000, where demand could be found. Willdale capped the top five worst performers list of the day on a 0.65% retreat to $0.0330.
Activity aggregates were mixed in the session as turnover increased by 48.86% to 4.31m shares while, volume traded fell by 2.74% to 1.37m. The threesome of Zimre Holdings Limited, Ok Zimbabwe and Delta drove the volume aggregates of the day as they contributed a combined 77.7% of the total outturn. In the ETF category, a total of three funds registered trades in the session. The Datvest MCS was 1.19% lower at $0.0296 while, the Old Mutual Top 10 ETF parred off 0.44% to $0.1767. The Morgan & Co Multi Sector ETF was 4.17% higher $0.5000 as scrappy 400 shares exchanged hands in the session. In the REIT category the Revitus REIT was 6.39% higher at $0.6725 while, the Tigere REIT rose 0.52% to $1.0603 as 8,300 units traded in the session. Elsewhere, Tigere has issued a circular advising shareholders that it will hold an EGM on 29 August for the purpose to seek approval to purchase highlands Park Phase 2 for $11,294,810 through an issue of new 351,282,000 Tigere Units.