ZSE extend gains in the penultimate session…
ZSE market extended gains in the penultimate session of the week as the All-Share Index rose by 0.26% to settle at 195.00pts despite liquidity challenges obtaining across the board. The Blue-Chip Index charged 0.34% to 188.70pts mainly anchored by gains in Econet. The Mid Cap rose by 0.04% to 241.31pts while, on the contrary the Agriculture Index retreated 0.04% to 191.38pts. Telecommunications giant Econet headlined the gainers list of the day on a 2.45% increase to close at a VWAP $2.8076 with Mash Holdings trailing behind on a 1.18% gain to $1.0725. Packaging company Proplastics added 1.08% to $0.8592 while, mining concern Riozim edged up 0.32% to $0.8025, following news about the company managing to temporarily fend off the attachment of its assets due to debts. Nmbz capped the top 5 performers of the day on a 0.07% rise to end at $3.7025. Partially weighing down the markets was Zimpapers that plummeted 14.45% to $0.1318 as scrappy 400 shares traded in the name while, Zimre Holdings lost 4.18% to close at $0.3354. Retailer OkZim slipped 2.71% to $0.3405 as dairy producer Dairibord shed 0.56% to close at $1.7000. Ecocash capped the top five worst performers of the day on 0.38% descend to end at $0.1300.
Activity aggregates were mixed in the session as volume traded increased by 138.32% to 30.69m while, turnover declined 18.14% to $39.05m. Activity was mainly confined in Ecocash that contributed 81.60% of the aggregate traded. Delta and Econet drove the turnover aggregates of the day as the duo claimed a combined 88.40% of the total traded. The Tigere REIT inched up 4.33% to $1.2729 on 4,941 units while, Revitus REIT added 0.14% to $0.5533. In the ETF category, no price movements were recorded as Datvest MCS traded 10,000 units at $0.0300.