ZSE extends losses in penultimate session of the trading week…
The ZSE market extended losses in the penultimate session of the trading week as the primary All Share Index fell 0.07% to 198.24pts while, the Agriculture Index lost 0.69% to 173.99pts. The Mid Cap Index eased 1.79% to end at 246.26pts. Contrastingly, the Blue-Chip Index rose 0.52% to 191.58pts. Life assurer Fidelity and mining house RioZim led the laggards of the day after dropping 15.00% to trade at $0.4250 and $0.7905 respectively. Zimre Holdings tumbled 14.88% to close at $0.2302 while, ART slipped 13.48% to $0.2600. Retailer OKZIM capped the top five worst performers of the day on a 11.76% dip to $0.3000. Partially mitigating today’s losses was banking group CBZ that ticked up 4.03% to $5.7840, followed by telecoms giant Econet that surged 2.01% to $2.7591. Ecocash added 0.72% to settle at $0.1505 while, Nampak ticked up 0.04% to end the day pegged at $1.1500. The market closed on a negative breadth of six as ten counters recorded gains against six that faltered.
Activity aggregates faltered in the session as volume of shares traded plunged 23.13% to 538,700 shares while, turnover shed 77.04% to $1.23m. Top volume drivers of the day were Fidelity (37.13%), SeedCo (31.56%) and Zimre (9.34%). Delta and SeedCo were the top value drivers of the day as they contributed 44.44% and 33.77% respectively. Tigere REIT trimmed 2.73% to close at $1.1405 after a total of 89,671 units exchanged hands in the name. No trades were recorded in the ETF category.