Weakening demand drags down the ZSE…
Waning demand seen across the board continued to drag down the ZSE to see the primary All Share Index declining a further 2.77% to 187,499.78pts while, the Blue-Chip Index succumbed 3.65% to 77,127.43pts. The Agriculture Index lost 1.62% to 593.82pts as the Mid Cap Index fell 1.15% to 879,725.55pts. Milk processor Dairibord led the laggards of the day on a 15.00% drop to $530.40000, followed by banking group FBC that eased 14.89% to close at $788.0000. Hotelier, Meikles retreated 10.87% to $1,158.7209 while, brick manufacturer Willdale Limited slipped 10.82% to settle at $41.0227. Beverage giant Delta capped the fallers of the day on a 6.55% slid to end pegged at $2,968.2723. Partially mitigating today’s losses were gains in Ecocash Holdings that jumped 2.65% to 126.50000 while, retailer OkZim surged 2.52% to $195.0000. Nampak added 1.72% to settle at $295.0000 while, FMP inched up 1.45% to settle at $280.0000. Turnall completed the gainers of the day on a 0.28% uplift to settle at $38.1079. The risers and fallers spectrum were equally distributed at nine.
Activity aggregates declined in the session as volume traded dropped 19.76% to 1.40mn shares, yielding a value outturn of $2.14bn which was 7.96% down from prior session. Delta was the most sought-after stock of the day, claiming 44.04% of the volumes exchanged and 85.53% of the value totals. NMB and Proplastics contributed a combined 9.03% of the value outturn. A total of 171,131 units exchanged hands in the ETF section. OMTT ETF ticked up 2.67% to 39.1979 while, Datvest ETF slipped 0.01% to end pegged at $8.9989. The Tigere REIT firmed up 1.56% to close at 304.6901 as a total of 2,388 units exchanged hands.