ZSE record losses for the fourth time in a row…
The market recorded losses for the fourth consecutive session as the primary All Share Index dipped 4.72% to 524,886.21pts while, the Blue-Chip Index fell 6.07% to 230,332.70pts. The Agriculture Index lost 1.32% to 1,526.11pts while, the Mid Cap Index dropped 0.77% to 2,222,842.18pts. Milk processor Dairibord led the laggards of the day on a 14.91% drop to $1,300.0000, followed by Econet that slipped 13.87% to close at $1,834.4083 on waning demand. Beverage giant Delta trimmed 11.55% to $6,987.4321 while, FBC Holdings Limited eased 10.96% to close at $2,850.0000. Brick manufacturer Willdale capped the fallers of the day on a 6.72% slid to end the day pegged at $55.0000. In contrast, the trio of Edgars, Fidelity and Cafca added a similar 15% to close at $437.0500, $540.9000 and $7,604.2500 respectively. Hotelier RTG surged 15.00% to settle at $391.0500 while, tea producer Tanganda capped the winners of the day on a 2.14% uplift to end the day pegged at $2,175.5714. The market closed on a negative breadth of five after six counters recorded gains against eleven that faltered.
Activity aggregates advanced in the session as volume traded ballooned 247.82% to 25.01m shares while, turnover soared 43.61% to $7.36b. The top volume drivers of the day were Zimre Holdings Limited (86.03%), Nampak (7.15%) and FMP (3.82%). The trio of ZHL, Nampak and Delta contributed a combined 76.92%. A total of 2,622,194 units exchanged hands in the ETF section. Morgan and Co Multi Sector ETF retreated 0.01% to close at $599.9522 while, OMTT ETF inched up 0.09% to end the day pegged at $80.2333. Tigere REIT declined 1.31% to settle at $597.0000 after 385 shares exchanged hands.