Market maintains rising impetus…
The ZSE continued with its rising momentum in Tuesday’s session as firming demand continued in selected counters across the board. The mainstream All Share Index ticked up a further 3.88% to see it closing at 380,299.32pts as the Top Ten Index firmed up 3.16% to close at 174,244.55pts. The ZSE agriculture Index added 8.41% to 960.49pts while, the Mid Cap Index rose 6.05% to 1,271,588.07pts. Leading the risers of the day was apparel retailer Truworths that went up 29.79% to $51.9149, albeit on scrappy 4,7000 shares. Following waw Turnall Holdings that surged 16.19% to end the session at $45.8084 as 26,100 shares exchanged hands. The trio of Hippo, Meikles and FBC went up by a similar 15% to settle at $3,220.0000, $3,450.0000 and $1,495.8000 where supply could be found in that order. Other notable gains were seen in BAT (14.99%), EcoCash (14.26%), Dairibord (14.99%), ZB (14.98% and Fidelity (14.88%).
Overall, twenty-nine counters gained against a mere one faller as the market registered a wide positive breadth. Star Africa was the sole faller of the day after dropping 2.10% to close at $8.9616 where demand could be found. The Morgan and Co Multi sector ETF was the only faller amongst the ETF as it lost 0.1750% to end at $513.0000, closing well offered at 512.9800. The Cass Saddle ETF rose 14.82% at $7.2700 while, the Morgan and Co made in Zimbabwe 11% to settle at $10.5451. Old Mutual ETF ticked up 10.8016% to $56.9481 with the Datvest ETF adding 7.95% to $13.0000. Activity aggregates closed mixed in the session as reflected in volumes which went down 40.65%, yielding a value outturn of $7.17 billion. Econet and Delta emerged the top volume and value movers of the day, claiming a combined 56% and 89.18% of the aggregates respectively. Foreign trades remained depressed in the session as inflows of $ 31.75m were registered against outflows of $255.6m