ZSE maintains steady gains…
The market maintained steady gains in the mid-week session to see the primary All Share Index growing 5.38% to 302,788.42pts while, the Blue-Chip Index gained 5.61% to 136,925.48pts. The Agriculture Index went up 4.51% to 721.96pts while, the Mid Cap Index rose 2.34% to 1,066,199.80pts. The trio of AFDIS, Meikles and BAT headlined the top performers after surging a similar 15.00% to end the day pegged at $3,438.5000, $2,645.0000 and $14,982.5000 in that order. Construction group Masimba Holdings edged up 14.69% to $1,220.0000 as tea producer Tanganda capped the winning pack on a 11.91% uplift to end the day pegged at $1,135.9000. Contrastingly, insurers FML led the laggards of the day on a 9.61% drop to $900.0000 while, sugar processor Hippo Valley eased 2.09% to settle at $2,251.9596. Star Africa pared off 1.15% to $9.4266 as Zimre Holdings Limited declined 0.11% to $173.7994. Proplastics capped the losers of the day on negligible 0.0002% retreat to end at $739.4500.
Activity aggregates declined in the session as volume traded succumbed 44.62% to 3,23m shares while, turnover dipped 33.91% to $4.45b. Econet was the most sought-after stock in today’s activity after contributing 63.08% to the total volume exchanged and 61.59% of the value outturn. Other notable volume drivers were FML (13.95%), Hippo Valley (4.95%) and Star Africa (3.93%). The trio of Delta, FML and Hippo valley contributed a combined 26.54% to the total value traded. A total of 175,540 units exchanged hands on the ETF section which saw only two ETS’s registering price movements. Datvest ETF notched up 6.02% to close at $12.7750 while, OMTT ETF rose 8.78% to end the day pegged at $48.9506. Tigere REIT was 3.58% higher to close at $403.9741 after 83,447 units exchanged hands on the ETF section with no trades recorded in Revitus.