Market falters in week opening session…
The market faltered in a slow trading session, mainly dragged down by heavy caps Delta and CBZ. The ZSE All Share Index was 1.03% lower at 175,576.09pts while, the Blue-Chip Index succumbed 2.09% to 75,480.60pts. On the contrary, the Agriculture Index added 0.33% to close at 582.61pts while, the Mid Cap Index rose by 1.19% to 757,489.02pts. Bankers CBZ led the laggards of the day as it plummeted 12.50% to close pegged at $1902.8676 while, apparel retailer Truworths trailed behind on a 7.61% descent to $35.1092. Brick manufacturer Willdale eased 6.38% to $26.2131, despite having traded a high of $28.0000. Waning demand in Delta dragged the beverage’s producer to $3,203.8147 on a 2.98% loss while, seed technology group SeedCo Limited parred off 0.47% to $731.5512 as it fastened the top five losers of the day.
Headlining the best performers of the day was Ariston that charged 14.75% to $35.0000 while, bankers NMB garnered 8.17% to $460.0000 as scrappy 1,300 shares traded in the session. General Beltings buttressed prior sessions’ gains as it notched up 7.79% to $19.9946 while, Zimre Holdings Limited closed pegged at $139.0800, following a 6.99% ascent. Telecommunications group Econet advanced 5.62% to settle at $687.9310 as it capped the top five gainers list of the day.
Activity aggregates faltered in the session as turnover traded declined 89.19% to $745.26m while, volume was 22.80% down to see 13.20m shares exchange hands. Star Africa emerged as the volume driver of the day claiming 84.34% of the totals. Value drivers of the day were Delta, Dairibord, BAT and Econet with respective contributions of 16.50%, 14.32%, 13.75% and 11.63%. The ETF Index gained 7.53% to close 3,356.4878pts. Morgan &CO Made in Zimbabwe and Old Mutual Top 10 RTF were 2.17% and 0.25% up to see the former settle at $7.3563 and latter at $32. 0936.The Tigere REIT was 1.78% higher at $254.9597 as 133,006 units exchanged hands.