ZSE reverses prior session’s gains…
The ZSE market reversed prior session’s gains as it retreated 1.06% to close at 198.38pts while, the Blue-Chip Index was 1.52% weaker at 190.58pts. The Agriculture Index was 2.46% lower at 175.20pts while, on the contrary the Mid Cap Index was 0.28% firmer at 250.74pts. Leading the laggards of day was banking group CBZ that shed 14.46% to $5.5600 while, cigarette producer BAT eased 10.58% to $74.0000 as 7,900 shares exchanged hands in the name. Retailer OKZim that is trading under a cautionary parred of 0.81% to $0.3400 while, bankers FBC trimmed 0.40% to $7.5000. Nampak capped the top five worst performers of the day on a 0.04% loss to $1.1495. Partially offsetting today’s losses were gains in mid cap counters that clinched four spots in the risers list. Sugar processor Star Africa led the gainers as it edged up 10.87% to $0.0443, trailed by Ecocash that advanced 3.02% to $0.1494. Telecommunications giant Econet was 0.16% firmer at $2.7048 while, tea producer Tanganda added 0.08% to $1.0008. Seed producer SeedCo Limitedgained a negligible 0.01% to $2.6300.
Activity aggregates faltered in the session as volume of shares traded declined by 71.50% to 700,800 shares while, turnover was 51.74% lower at $5.35m. The trio of Econet, Delta and SeedCo Limited drove the volume outturn of the day as they claimed a combined 87.83% of the total traded. Beverages giant Delta drove the turnover aggregate of the day as it claimed 69.00% of the total traded. In the ETF category, no trades were recorded. The Tigere REIT was 2.16% higher at $1.1725 as 3,434 units traded in the name.