ZSE recovers marginally in mid-week trades…
The market reversed prior session’s losses as the All-Share Index advanced 0.04% to 195.27pts. The Mid Cap Index also recovered 0.21% to 225.15pts while, the Agriculture Index extended its rising streak by a 0.07% gain to 159.47pts, mainly anchored by gains in Tanganda and Ariston. On the contrary, the Blue-Chip Index was 0.02% lower at 193.32pts. Zimre Holdings led the gainers of the day as it charged 8.00% to $0.3240, trailed by bankers Ecocash that rebounded 4.17% to $0.1250. Tea producer Tanganda that is trading under a cautionary edged up 2.51% to $0.9918 while, sugar refiner Star Africa was 1.55% firmer at $0.0508. Ariston fastened the top five gainers’ list of the day on a 0.13% improvement to $0.0404. Partially weighing down the market was General Beltings that parred off 0.50% to $0.1000 while, Econet declined 0.36% to close at VWAP of $3.9627 on its last cumdividend trading day. Brick manufacturer Willdale slid 0.31% to $0.0399 while, retailer OK Zimbabwe fell 0.19% to $0.2990. Cigarette producer BAT capped the top five performers of the day on a 0.12% decline to $80.0000.
Market activity declined significantly during the session as trading volume succumbed 83.83% to 7.44m shares while, turnover correspondingly decreased by 86.75% to $2.35m. In the volume category, activity was mainly skewed in General Beltings that contributed 94.39% of the total traded. The trio of Delta, General Beltings and TSL drove the value aggregate as they claimed a combined 91.55% of the total traded. In the ETF category, the Cass Saddle ETF closed 6.35% higher at $0.1595 as 5,250 units traded in the name. The Tigere REIT was 1.85% down at $1.1675 as 8.45m units exchanged hands in the name.