Losses persist on the ZSE…
Losses persisted on the ZSE as the All-Share Index dropped 1.06% to 247.86pts while, the Blue-Chip Index was 1.00% weaker at 253.16pts. The Mid Cap Index was 2.89% lower at
245.66pts while, the Agriculture Index closed at 164.96pts following a 1.38% descent. Pipe producer Proplastics led the laggards of the day as it plunged 15.00% to close at lower circuit breaker limit of $0.8500. Trailing behind was brick manufacturer Willdale that retreated 14.29% to $0.0300 while, sugar processor Star Africa eased 7.40% to close pegged
at $0.0251, where demand could be found. Banker CBZ parred off 6.85% to end trading at $9.3150 while, cigarette producer BAT continued to lose ground as it lost 4.68% to $93.0000. On the contrary, packaging company Nampak led the risers’ list of the day on a 7.62% increase to $0.8000 while, stock exchange operator ZSE recovered from prior losses as it rebounded 7.52% to $0.8602. Beverages producer Delta advanced 0.02% to close at $19.0703 on the back of constrained supply in the counter.
Activity aggregates faltered in the session as volume traded declined by 18.43% to see 1.99m shares worth $14.11m exchange hands. Volume drivers of the day were Econet,
Proplastics and Delta with respective contributions of 55.72%, 17.53% and 13.09%. The trio of Econet, Delta and CBZ drove the turnover aggregate as they claimed a combined 96.80% of the value traded. In the REIT category, Tigere fell by 14.96% to $1.1421 as 79,350 units worth $90,624.80 exchanged hands in the session while, no trades were recorded in the ETF category.