ZSE closes 1.57% higher in Thursday’s trades…
The ZSE market closed 1.57% higher in the penultimate session of the week as it ended pegged at 98.76pts. The Blue-Chip Index notched up 2.27% to close at 96.36pts while, the Mid-Cap Index added 0.61% to close at 104.12pts. On the contrary, the Agriculture Index was 3.01% lower at 96.85pts. A total of sixteen counters registered trades in the session, segregated into ten risers and four losers. Sugar processor Star Africa led the gainers of the day as it charged 45.09% to end at $0.0065 while, brick manufacturer Willdale edged up 9.56% to close at $0.0550. Zimre Holdings was 8.10% firmer at $0.2800 while, beverages producer Delta advanced 6.36% to end at $7.0315. Fintech group Ecocash Holdings fastened the top five gainers of the day as it added 2.23% to close at $0.3104. Partially weighing down the market was SeedCo Limited that retreated 13.75% to end at $1.5008 while, General Beltings was 8.26% higher at $0.0500. Sugar producer Hippo was 7.39% lower at $3.5005 while, CFI parred off 5.48% to $1.3005. Telecommunication group Econet eased 2.85% to settle at $1.4087.
Activity aggregates faltered in the session as volumes traded fell by 43.67% to see 1.72m shares exchange hands while, turnover declined 19.75% to $2.95m. Top volume drivers of the day were Mashonaland Holdings (+30.80%), OK Zimbabwe (+17.62%), Hippo Valley (+16.69%), Star Africa (+12.53%) and Delta (+11.73%). The duo of Delta and Hippo Valley drove the value aggregate of the day claiming a shared 82.17% of the total. In the ETF category, only two funds registered trades in today’s trades. The Old Mutual Top 10 ETF was 7.83% weaker at $0.1000 while, the Datvest MCS was 6.54% weaker at $0.0200. The Tigere REIT inched up 2.19% to end at $0.5700 while, the Revitus REIT was stable at $0.2200 as 333 units exchanged hands in the fund.