ZSE closes 1.77% higher anchored by heavies…
The ZSE maintained an upward trend in Wednesday’s trades as it closed 1.77% higher at 262,251.14pts. The Top 10 Index added 1.86% to 117,474.07pts anchored by gains in Meikles, Econet and RTG while, the Agriculture Index was stable at 677.47pts. The Mid Cap Index jumped 1.38% to breach the one million points mark as it close pegged at 1,004,706.37pts. Retailer Meikles led the gainers of the day as it jumped 14.57% to $1,730.0000 while, telecommunications group Econet garnered 13.11% to close at a VWAP $1,199.5452. Hotelier RTG advanced 5.13% to settle at $184.0000 as scrappy 500 shares exchanged hands while, packaging company Nampak put on 4.17% to end pegged at $350.0000. Retailer OKZimbabwe fastened the gainers list of the day as it added 3.88% to close at a VWAP of $234.4749. Partially offsetting today’s gains were Proplastics and Star Africa that dropped 2.62% and 1.23% respectively, to see the former settling at $633.0000 and the latter at $9.6796. Beverages producer Delta retreated 0.39% to settle at $5,004.1201, where demand could be found while, Fintech company Ecocash extended prior session’s loses as it shed 0.28% to $214.3958. Zimre Holdings Limited lost 0.17% to $174.7021 as it capped the top five worst performers of the day.
Activity aggregates improved in the session as volumes traded jumped 103.98% to 5.91m shares while, turnover ballooned 73.50% to $4.11bn. The duo of OK Zimbabwe and Econet drove the volume aggregates of the day as they contributed a combined 89.99% of the total traded. In the turnover category, trading was mainly confined in Econet that claimed 77.52% of the turnover. The other notable value driver was OK Zimbabwe that contributed 15.19%. In the ETF category, only two funds registered price movements. The Datvest MCS was 1.71% higher at $11.8100 while, Old Mutual Top 10 gained a negligible 0.028% to settle at $43.0012. In other news, the newly listed REIT Revitus registered its first trade today as it jumped 50% to $600.0000 on 18,028 units.