ZSE reverses prior session’s gains to end week in losses…
The market reversed prior session’s gains to end the week in losses as the primary All-Share Index lost 1.17% to 496,276.62pts while, the Blue-Chip Index sank 1.30% to 218,242.76pts. The Agriculture Index fell 1.37% to 1,445.02pts while, the Mid Cap Index closed 0.62% weaker at 2,126,356.87pts. Ariston led the laggards of the day on a 28.74% decline to $60.5714, followed by banking group CBZ Holdings that plunged 15.00% to close at $7,649.2273. Zimpapers retreated 14.29% to $60.0000 as hotelier Meikles Limited eased 11.03% to $2,451.9639. Star Africa capped the fallers of the day on a 7.72% slid to end the day pegged at $7.1312. In contrast, Zimre Holdings Limited topped the winners of the day on a 14.59% jump to $236.0541 while, telecoms giant Econet surged 5.85% to $1,799.6782. Mash Holdings advanced 5.14% to close at $302.0690 while, beverage giant Delta gained 2.09% to $7,268.0440. Brick manufacturer Willdale capped the gainers of the day on a 1.91% uplift to end the week pegged at $53.0000. Fifteen counters registered losses against eight that recorded gains to leave the market with a negative breath of seven.
Activity aggregates enhanced in the session as volumes traded soared 74.75% to close at 1,280,069 shares while, turnover shot up by 267.19% to $3.04b. Top volume drivers of the day were Econet (60.55%), Starafrica (27.71%), Delta (6.20%) and Edgars (1.32%). Econet, Delta and Cafca contributed a combined 96.25% to the total value traded. A total of 56,238 units exchanged hands in the ETF section. OMTT ETF inched up 0.04% to settle at $79.0291 while, MIZ ETF trimmed 4.73% to end the week pegged at $18.1016. Tigere REIT stepped up 1.35% to close at $610.9936 after 500,910 units exchanged hands in the last session of the week.