ZSE rebounds on improved activity …
The market rebounded from prior session losses as the primary All Share Index gained 2.39% to 191,984.72pts while, the Blue Chip Index added 3.38% to 79,734.20pts. The Agriculture Index rose 1.75% to 604.22pts as the Midcap Index firmed up 0.62% to 885,200.66pts. Cable manufacturer Cafca headlined the winners the day on a 14.97% jump to $3,345.0000 followed by banking group CBZ Holdings that surged 14.67% to close at $3,164.7824. Milk processor Dairibord stepped up 14.40% to $606.8015 while, fintech group Ecocash Holdings advanced 10.69% to settle at $140.0252. Zimpapers capped the gainers’ list of the day on a 5.43% uplift to end the day pegged at $34.0000. On the contrary, Turnall led the laggards of the day on a 10.20% slump to $34.2206 trailed by brick manufacturer Willdale which shed 0.41% to $40.8556. Telecoms giant Econet declined 0.37% to close at $697.4823 while, Zimre lost 0.17% to end the day pegged at $184.4093. The market closed on a positive breadth of eight after thirteen counters recorded gains against five that faltered.
Activity aggregates enhanced in the session as volume traded shot up 44.07% to 2.02m shares while, total value traded grew by 38.02% to $2.95bn. Delta was the dominant counter in today’s activity, as it claimed 38.21% of the volumes exchanged and 77.67% of the value totals. Other notable volume drivers of the day were Ecocash, OKZIM and Star Africa with contributions of 16.41%, 10.51% and 9.82% respectively. Other value contributions to take note of were CBZ (13.20%), Econet (3.42%) and Ecocash (1.56%). Only two ETFs were active in today’s session which saw a total of 12,800 units exchange hands. MIZ ETF declined 5.23% to close at $9.0000 on 100 shares while, OMTT edged up 4.08% to end the day pegged at $40.7958. Tigere REIT eased 0.12% to $304.3357 after 23,637 units exchanged hands.