ZSE rebounds in the penultimate session of the week…
The ZSE rebounded in the penultimate session of the week as the All Share Index firmed up 1.05% to settle at 502,145.36pts, buoyed by heavy caps which had their own index up 1.50% to 221,112.18pts as Econet, Meikles and Delta dominated the top five gainers list of the day. The Agriculture Index was 0.43% weaker at 1,465.04pts while, the Mid Cap Index recorded narrow losses of 0.02% to end at 2,139,614.40pts. Telecommunications group Econet led the gainers list of the day on a 10.51% jump to $1,700.2147 followed by Unifreight that added 6.25% to $425.0000. Meikles charged 2.94% to end pegged at $2,755.8824 as 5,400 shares exchanged hands. Roofing and pipe manufacturer Turnall closed at a VWAP of $68.8750 following a 2.19% ascent while, Delta inched up 1.33% to $7,119.0537. Trading in the negative territory was General Beltings that parred off 6.75% to $127.8000 trailed by Tanganda that eased 5.28% to settle at $1,869.7929. Brick manufacturer Willdale was 4.53% weaker at $52.0065 while, retailer Ok Zimbabwe faltered 3.39% to $604.2545 where demand could be found. Sugar processor Star Africa dropped 3.06% to $7.7278 as it capped the top five worst performers of the day.
Activity aggregates traded mixed in the session as volumes dealt increased by 17.88% to close at 1,247,562 shares while, turnover declined by 58.32% to $827.70m. Star Africa was the major volume driver in the session as it claimed 74.47% of the total. In the turnover category activity was mainly confined in Delta that claimed 80.23% of the value traded. In the ETF category only two funds registered price movement in the session. The Datvest MCS was 1.07% up at $18.9500 while, Morgan & Co Made In Zimbabwe inched up 6.90% to $19.0000. The Tigere Reit put on 1.66% to end at $602.8659 as 89,465 units traded.