Market continues to ascent…
The market continued to advance in the penultimate session of the week as bulls continued to charge in the session. A total of nineteen counters charged against seven that faltered to see the market close with a positive breadth of twelve. The All-Share Index surged 5.25% to close at 413,257.58pts on the back of firming demand seen across the board while, the Blue-Chip Index was 4.78% firmer at 187,270.93pts. The Agriculture Index inched up 5.14% to settle at 1,072.94pts while, the Mid Cap Index gained most amongst the indices we review, as it rose 6.20% to 1,429,224.07pts. Digital media group Zimpapers headlined the gainers of the day as it jumped 44.12% to $49.0000 while, dairy processor Dairibord added 15.00% to settle at $1,216.7000. Proplastics, Meikles and FBC were also restricted by the circuit breaker at 15% as the closed pegged at $1,495.0000, $4,544.3000 and $1,975.1000. Trading in the negative territory was packaging company Nampak that eased 12.99% to $379.2409 while, TSL trailed on a 4.08% retreat to end at a VWAP of $1,150.9901. Tea producer Ariston shed 1.77% to $46.1667 as 3,600 shares exchange hands. Sugar processor Star Africa continued to falter in the session as it parred off 0.83% to $8.8331 while, Econet capped the fallers’ list of the day on a 0.64% drop to $2,031.1454 as profit taking began to set in on the counter.
Activity aggregates improved in the session as volume traded increased 2.18% to see 2.94m shares worth $10.69bn exchange hands. This represented a 42.32% surge in turnover. Delta was the top volume driver of the day as it claimed 40.69% of the total while, Nampak and Econet contributed a combined 28.82% of the aggregate. In the value category activity was mainly confined in Delta that claimed 86.21% of the value traded. In the ETF category, three funds of the four registered gains. Datvest, Morgan & Co Made In Zimbabwe and OMTT gained 5.93%, 1.79% and 6.87% respectively.