Blue-Chip counters drive market activity…
Econet and Delta were the most sought-after stocks of the day after trading 46.29m and 10.59m shares respectively, claiming a combined 99.49% of the volumes traded and 99.97% of values exchanged. Activity aggregates improved in the session as turnover improved 319.53% to $741.76m while, volumes traded soared 259.08% to 57.53m shares.
Zimre Holdings Limited headlined on the worst performers list of the day as it dipped 14.51% to finish at $0.6839 with Masimba Holdings declining 14.47% to settle at $2.1426. Wine and spirits producer AFDIS succumbed 12.03% to $11.7000 while, TN Cybertech lost 2.86% to $0.1074. Banking group CBZ Holdings completed the losers list of the day on a 1.13% loss to end pegged at $14.1267. On the contrary, brick manufacturer Willdale led the gainers of the day on a 2.64% climb to land at $0.0350 while, sugar refiner Star Africa gained 0.83% to finish at $0.0358. Telecommunications company Econet concluded the gainers list of the day on a modest 0.06% uplift to $9.0389. In the ETF category, Cass Saddle was stable at $0.1200 on 7,500 units while, Morgan & Co made in Zim trimmed 0.36% to $0.0750 as 500 units exchanged hands. The Revitus Reit eased 0.04% to $1.4594 on 1,200 units while, the Tigere Reit edged up 4.80% to $1.7397 as 23,400 units exchanged hands.
Although the market’s heavyweights were the most active in the session, they failed to improve the indices, Resultantly, the All-Share Index lost 0.37% to 359.26pts while, the Agriculture Index eased 0.02% to 238.02pts. On the other hand, the BlueChip Index ticked up 0.08% to 371.00pts, anchored by Delta and Econet while, the Mid Cap added 0.03% to 333.49pts.