ZSE firms up in midweek session…
The market recorded gains in the midweek session as the primary All -Share Index rose 2.44% to 142,798.43pts while, the Blue-Chip Index edged up 2.60% to 63,305.89pts. The Mid Cap Index surged 2.17% to 576,900.19pts while, the Agriculture Index lost 1.04% to 508.17pts. Zimpapers headlined the winners of the day on a 16.39% jump to $16.6500, followed by retailer Truworths that stepped up 16.22% to close at $35.0000. Life Insurer First Mutual Limited climbed 15.00% to settle at $465.7500 while, brick manufacturer Willdale advanced 14.55% to $12.6000. Meikles capped the top five gainers’ pack on a 14.32% uplift to end the day pegged at $820.0183. In contrast, cigarette manufacturer BAT led the laggards of the day on a 6.36% drop to $13,999.9143. Trailing was clothing retailer Edgars that declined 5.33% to settle at $95.3750. Cable manufacturer Cafca retreated 2.07% to $2,350.0000 while, Turnall eased 1.92% to close at $25.5000. Fintech group Ecocash Holdings completed the top five fallers’ set on a 1.44% slide to end pegged at $132.2238. The market closed with a positive breadth of five as fourteen counters registered gains against nine that faltered.
Activity aggregates enhanced in the session as volumes traded swelled 62.77% to 1.99m shares while, value outturn rose 28.87% to $926.29m. OKZim, Econet, Star Africa and Delta claimed a combined 84.10% of the volume aggregate. The top value drivers of the day were Delta (53.39%) and Econet (22.04%). In the ETF section, a total of 30,953 units worth $563,008.80 exchanged hands. The Datvest ETF charged 8.73% to settle at $7.1168. The Old Mutual ETF grew 2.30% to close the day pegged at $30.0000 on 15,089 units. The Tigere REIT shed 0.03% to $238.9929 as 413,253 units exchanged hands.