Positive momentum stretches…
The market extended its positive momentum in the session as the primary All-Share Index and the Blue-Chip Index rose an identical 4.36% to 315,981.47pts and 142,898.60pts respectively. The Agriculture Index went up 7.62% to 777.00pts while, the Mid Cap Index gained 4.28% to 1,111,875.29pts. Cigarette manufacturer BAT, banking group NMB and telecoms giant Econet headlined the top performers of the day on a similar 15% jump to close at $17,229.8500, $848.7500 and 1,574.6693 in that order. Life assurers Fidelity climbed 14.84% to close at $356.0000 while, milk processor Dairibord capped the winners of the day on a 13.56% uplift to end the day pegged at $800.0000. On the losing side was apparel retailer Edgars that lost 8.05% to $160.0000, followed by Star Africa that declined 3.80% to $9.0687. Banking group CBZ eased 0.28% to settle at $5,100.0000, where demand could be found. Ariston capped the laggards of the day on a 0.08% slip to end the day pegged at $46.9630.
Activity aggregates enhanced in the session as volumes traded ballooned 297.22% to 12.84m shares while, total value traded grew 178.50% to $12.41b. Telecoms giant Econet dominated today’s activity after contributing 44.87% to the total volume traded and 68.27% to the total value traded. The other top volume drivers of the day were Ecocash Holdings (40.96%), Delta (1.69%) and Meikles (0.72%). The trio of Delta, FML and Meikles contributed a combined 21.61% of the total value traded. A total of 52,527 units exchanged hands in the ETF section which saw OMTT ETF inching up 2.14% to $50.0000. Tigere REIT grew 2.23% to close at $412.9957 as 1.43m units exchanged hands.