ZSE swings back into the red…
The market swung back into the red to see the primary All Share Index declining 1.11% to 196,315.80pts while, the Blue-Chip Index fell 2.05% to 82,679.36pts. The Agriculture Index fell 0.12% to 598.63 while, the Mid Cap Index gained 0.76% to 881,678.62pts. Fintech group Ecocash Holdings led the laggards of the day on a 13.81% slid to $120.2874 on waning demand, followed by beverages giant Delta that succumbed 2.08% to settle at $3,421.3905 on selling pressure. Proplastics declined 1.87% to close at $594.5473 while, telecoms giant Econet slipped 1.47% to $708.7512. Seed producer Seed-Co Limited capped the fallers of the day on a 1.42% retreat to end the day pegged at $801.4797. Partially mitigating today’s losses was Turnall that surged 33.98% to $34.8345 as brick manufacturer Willdale Limited followed after firmed up 15.00% to close at $46.0000. Sugar processors Hippo advanced 0.12% to end the day pegged at $1,857.1698.
Activity aggregates enhanced in the session as volume traded ballooned 338.21% to 5.05m shares while, turnover soared 131.10% to $3.69bn. Proplastics dominated the volume aggregate, contributing 39.88% of the total. Other notable volume drivers of the day were Ecocash (27.56%), FBC (14.91%) and Delta (7.095). The trio of Delta, Proplastics and FBC dominated the total values exchanged after claiming 33.02%, 32.38% and 19.04% respectively. The other value drivers of the day were CBZ Holdings Limited (6.11%) and Ecocash Holdings (4.51%). A total of 31,100 units exchanged hands in the ETF section. Cass Saddle ETF and Datvest ETF traded flat at $6.4000 and $9.0000 apiece. The Tigere REIT rose a negligible 0.01% to end the day pegged at $300.0000.