ZSE record losses for the 3rd time in a row…
The ZSE market recorded losses for the third time in a row as the primary All Share Index lost 0.44% to 518,819.44pts while, the Blue-Chip Index fell 0.36% to 231,637.87pts. The Agriculture Index went down 2.39% to 1,380.31pts while, the Mid Cap Index sank 0.51% to 2,105,547.20pts. Turnall led the fallers of the day on a 36.02% drop to $41.5885 followed by cigarette manufacturer BAT that trimmed 15.00% to $39,791.0500. Fintech group Ecocash Holdings slipped 3.72% to settle at $645.0000 as brick manufacturer Willdale Limited eased 3.38% to $50.0000. Beverages giant Delta capped the laggards’ top five list of the day on a 1.19% slid to end the day pegged at $8,222.5318. Partially mitigating today’s losses were scrappy gains in General Beltings that jumped 22.18% to $138.9000. Milk processor Dairibord surged 10.49% to $1,050.0000 while, telecoms giant Econet added 7.63% to $1,937.8882. Meikles advanced 0.76% to $2,473.7500 while, retailer OKzim completed the winners list on a 0.01% uplift to end the day pegged at $593.9941. Six counters recorded gains against thirteen that faltered to leave the market with a negative breadth of seven.
Activity aggregates were depressed in the session as volume traded declined by 64.76% to 645,000 shares while, value traded succumbed 36.26% to $1.8b. The top volume drivers of the day were SeedCo (28.40%), Econet (21.67%) and Delta (15.22%). The trio of Delta, SeedCo and Econet contributed a combined 83.98% to the total value traded. A total of 42,135 units exchanged hands on the ETF section which saw OMTT ETF lose 9.97% to close at $81.0342. Cass Saddle ETF edged up 12.13% to close at $8.5000. Datvest ETF retreated 0.06% to $19.5000 while, the MIZ ETF declined 7.14% to end the day pegged at $19.5000. Tigere REIT inched up 0.49% to $632.0493 after 34,500 units traded in the second session of the week.