ZSE rebounds in Thursdays trades…
The ZSE market rebounded in the penultimate session of the week as three of the four indices we review closed pointing northwards. The All Share Index was 0.04% up at 207.81pts while, the Blue-Chip Index added 0.02% to 206.89pts. The Mid Cap Index rose by 0.13% to 236.10pts while, on the contrary the Agriculture Index fell by 0.01% to 173.18pts. Trading in the positive category was cable manufacturer Cafca that charged 5.13% to $20.5000 while, Econet soared 3.08% to close trading at $3.0871. The duo of SeedCo Limited and FBC gained a similar 0.02% to see the former close at $2.1000 and the latter at $9.4900. Weighing down the market today was Proplastics that plunged 15.00% to $0.8500 followed by retailer Ok Zimbabwe that trimmed 13.52% to $0.3056. Sugar refiner Star Africa tumbled 11.11% to $0.0200 while, hotelier Rainbow Tourism Group plummeted 0.37% to $0.6003. Tea producer Tanganda slipped 0.16% to $1.8925.
Activity aggregates improved in the session as volume traded increased 146.50% to 8.54m shares while, turnover ballooned 1,830.54% to see $26.54m exchange hands. Econet was the most traded stock in the session as it claimed 68.72% of the volume and 92.64% of the value traded. Other notable volume driver was Star Africa that contributed 24.28%. In the REIT category the Tigere REIT was 0.33% weaker at $1.19 on 93,590 shares.