ZSE records marginal gains in week ending session...
The ZSE market recorded marginal gains in the week ending session as the primary All Share Index firmed up 0.11% to 506,648.79pts while, Mid Cap Index closed 1.02% higher at 2,115,387.05pts. On the contrary, the Blue-Chip Index shed 0.34% to 224,362.81pts while, the Agriculture Index lost 0.47% to 1,285.73pts. CAFCA headlined the top performers of the day on a 15.00% jump to $10,120.0000, trailed by conglomerate Meikles that surged 14.93% to $3,060.0000. Proplastics edged up 7.01% to close at $1,294.0000 while, tea producer Tanganda advanced 2.05% to $1,950.0500. Star Africa completed the top five gainers of the day on a 1.98% addition to end the day pegged at $8.1600. Partially weighing down the market was Ecocash Holdings that parred off 5.48% to settle at a VWAP of $587.9644, followed by RTG that fell 3.42% to settle at $367.0000. Seed producer SeedCo Limited eased 2.66% to close at $1,946.8679 while, TSL declined 2.13% to $2,300.0000. Apparel retailer Edgars completed the top five fallers list of the day on a 0.76% drop to end the day pegged at $394.0000. Fifteen counters registered gains against ten that faltered to leave the market with a positive breadth of five.
Activity aggregates were depressed in the session as volumes of shares traded declined 71.06% to 1.8m shares while, turnover dropped by 49.28% to $2.78bn. Top volume drivers of the day were OK (22.75%), Econet (21.43%), Ecocash (15.82%) and Star Africa (8.64%). The trio of Econet, Delta and Cafca contributed a combined (52.26%) of the total value traded for the day. A total of 680,344 units exchanged hands in the ETF section. Cass Saddle ETF and Datvest ETF inched up 6.25% and 0.04% to $8.5000 and $19.8577 respectively. Morgan and Co Multi Sector ETF climbed 0.01% to settle at $701.5500 as OMTT ETF eased 1.73% to end the day pegged at $78.6186. Tigere REIT added 0.08% to end the week pegged at $649.0000 after 556 units exchanged hands.