ZSE falters in week ending session…
The ZSE market closed the week in losses as the primary All
Share Index lost 0.50% to 359.85pts while, the Blue-Chip Index
fell 0.41% to 363.07pts. The Agriculture Index eased 0.13% to
275.30pts while, the Mid Cap Index closed 0.85% weaker at
370.83pts. Logistics group Unifreight led the laggards of the
day on a 15.00% dip to $2.5500 followed by FML that slipped
14.86% to $2.9800. Zimre Holdings trimmed 11.29% to close
at $0.7500 while, TN Cybertech Bank declined 5.51% to
$0.0944. FMP capped the worst performers of the day on a
4.99% retreat to end the day pegged at $0.9500. Trading in the
positive territory was sugar refiner Star Africa that jumped
13.21% to $0.0340 while, Masimba added 9.82% to $2.3000.
Tea processor Tanganda charged 9.80% to settle at $1.7025
while, Nampak surged 5.31% to $0.8004. CBZ completed the
top five best performers list of the day on a 1.69% uplift to end
pegged at $15.0000.
Activity aggregates were depressed in the session as volumes
traded fell 42.51% to 573,400 shares while, turnover declined
by 60.25% to $6.20m. Top volume drivers of the day were
Delta (30.42%), Masimba (15.59%) and Hippo (14.44%). Delta
and Hippo were the most traded stocks in terms of value after
contributing 75.91% and 12.69% respectively. Morgan & Co
Multi Sector ETF dropped 20.00% to end the day pegged at
$1.6000. Tigere REIT firmed up 2.25% to close at $1.0500 after
a total of 6,297 units exchanged hands in the name.