Heavies weigh the market…
The top capitalised stocks weighed down the market in Thursday’s session as the mainstream All Share Index declined 0.40% to 260.23pts. The ZSE Top Ten Index retreated 1.04% to 281.22pts. The Mid Cap Index put on 2.70% to 198.44pts while, the ZSE Agriculture Index added 0.06% to 211.91pts. Packaging group Nampak led the laggards of the day after a 15.00% dip to $1.0200. Trailing was OK Zimbabwe that dropped 7.20% to $0.9999 with CBZ shedding 3.41% to $15.9900. Beverages giant Delta tumbled 2.52% to close with a spread of $17.0000-$18.9980. Star Africa capped the top five shakers of the day on a 2.27% retreat to $0.0142. Gainers of the day were headlined by Willdale that surged 14.50% to $0.0490. Financial services group ZB charged 13.98% to $10.8380 while, Mashonaland jumped 13.54% to $0.6925 while, property concern FMP soared 13.06% to end at $0.6798. First Mutual holdings went up 9.93% to $4.0667 as it completed the winners of the day.
Activity aggregates were mixed in the session as volumes jumped 62.05% to 2.38m while, turnover succumbed 47.42% to $6.12m. Star Africa claimed 63.68% of the total volumes traded while, the top value drivers of the day were Delta and FBC accounted for a combined 73.78% of the aggregate. The Datvest MCS ETF garnered 13.81% to close at $0.0341 as the Old Mutual ETF rose 1.11% to $0.1600. Cumulatively, 1.53m units worth $49,872.06 exchanged hands in three ETFs. The Tigere REIT advanced 9.53% to $1.0954 while, the Revitus REIT gained 1.17% to $0.8625.