ZSE reverses prior session gains...
The ZSE market reversed prior session’s gains as the primary All Share Index lost 0.51% to 199.84pts while, the Mid Cap Index fell 2.66% to 227.10pts. The Blue-Chip Index gained 0.07% to 1977.55pts while, the Agriculture Index firmed up 0.16% to 172.02pts backed by gains in Ariston and Tanganda. Life assurer FML led the laggards of the day on a15.00% drop to $1.8785, followed by ART that dropped 14.55% to $0.0816. Retailer OKZIM tumbled 11.16% to close at $0.1816 while, logistics group Unifreight trimmed 7.49% to $1.9000. Seed producer SeedCo capped the top five fallers of the day on a 4.11% retreat to end the day pegged at $3.2646. Partially mitigating today’s losses was Ariston that jumped 16.96% to $0.0275 while, tea producer Tanganda went up 14.29% to $0.8000. Brick maker Willdale surged 13.67% to settle at $0.0341 while, Star Africa shot up 10.05% to $0.0342. Meikles completed the top five winners of the day on a 2.72% uplift to end at $3.3795.
Activity aggregates were depressed in the session as volumes traded succumbed 70.07% to 1.55m shares while, turnover declined by 95.23% to $1.37m. Top volume drivers of the day were TN Cybertech (40.08%), Zimre (21.01%) and Willdale (12.89%). Econet, Delta, TSL and Meikles claimed a combined 79.73% of the total value traded. Morgan & Co Multi sector ETF was flat at $2.0000 on 190 units. The Tigere REIT parred off 14.32% to end the day pegged at $1.6801 after 12,971 units exchanged hands in the session.