ZSE closes 1.55% lower…
The ZSE closed 1.55% lower at 508,228.16pts as offers in selected counters continued to outstrip bids. The Blue-chip Index shed 1.29% to 224,876.50pts while, the Mid Cap Index retreated 1.53% to close at 2,130,746.05pts. The Agriculture Index faltered 1.98% to close at 1,475.73pts. A total of twenty four counters exchanged hands segregated into sixteen losers and eight gainers. Meikles headlined the worst performers of the day as it plunged 15.00% to settle at $2,711.7500 while, Turnall plummeted 13.02% to end at $69.5880 where demand could be found. Tea producer Tanganda eased 7.72% to close at $2,006.2000 as 9,300 shares exchanged hands in the name while, spirits and wines producer Afdis was 5.66% lower at $4,000.0000. Telecommunication group Econet capped the top five gainers list of the day on 4.44% descent to $1,730.1515. Partially offsetting today’s losses was cable producer CAFCA that charged 15.00% to $8,744.85 while, hotelier Rainbow Tourism Group firmed up 10% to $430.1500. Insurance group Zimre advanced 9.00% to end at $198.5000 while, ART Holdings garnered 7.02% to close at $160.0000. Retailer OK Zimbabwe fastened the top five gainers list of the day as it notched up 3.29% to end pegged at a VWAP of $671.6667.
Activity aggregates faltered in the session as volumes traded declined by 64.57% to see 2.81m shares worth $2.73bn exchange hands. This represented a 68.94% fall in turnover. Econet was the major volume driver in the session as it contributed a bigger chunk of 60.21% while, Star Africa and Delta contributed a combined 32.05% of the total. The duo of Econet and Delta were the major turnover drivers of day as they claimed a combined 95.68% of the total. In the ETF category the Old Mutual Top 10 ETF, Datvest MCS and Morgan & MIZ faltered 1.19%, 0.99% and 0.41% respectively. Morgan & CO Multi Sector ETF edged up 1.67% to $610.0000 while, Cass Saddle ETF eked out narrow gains of 0.11% to $8.3100. The Tigere REIT was 2.51% lower at $579.9817 as 1.91m units exchanged hands.