ZSE falters as Old Mutual ETF delists…
The ZSE market recorded losses in week ending session as the primary All Share Index fell 0.03% to 207.75pts while, the Blue Chip Index lost 0.61% to 205.62pts. The Mid Cap Index eased 0.85% to 234.10pts while, on the contrary the Agriculture Index gained 2.00% to 176.64pts. Telecoms giant Econet led the laggards of the day on a 3.74% retreat to $2.9717, followed by RioZim that slipped 2.45% to $1.2681. Cafca tumbled 0.09% to close at $20.4811 while, TSL slipped a negligible 0.001% to end the day pegged at $2.0000. Partially mitigating today’s losses was Star Africa that rose 19.88% to $0.0240 while, sugar processor Hippo firmed up 13.82% to $6.0000. Zimre Holdings Limited charged 12.49% to settle at $0.1800 as retailer OK Zimbabwe ticked up 1.62% to $0.3105. Beverages giant Delta completed the top performers of the day on a 0.11% lift to end the day pegged at $13.9856. The market closed the week on a positive breadth of four after eight counters recorded gains against four that faltered.
Activity aggregates were mixed in the session as volume traded ballooned 29.89% to 11.09m shares while, turnover shed 26.52% to $19.50m. Top volume drivers of the day were Star Africa (70.20%), Econet (20.978%) and Delta (7.08%). The trio of Delta and Econet highlighted the value aggregate of the day after contributing 56.32% and 35.45% respectively. No trades were recorded in the ETF section, as Old Mutual ETF delisted on the bourse today. Tigere REIT stepped up 0.33% to $1.1939 after 4,799 units exchanged hands in the name.