ZSE slips into the red…
The ZSE market faltered in Tuesday’s session as the All-Share Index lost 2.44% to 188.62pts while, the Blue-Chip Index fell 2.99% to 184.02pts. The Mid Cap Index retreated 0.74% to 227.74pts while, on the contrary the Agriculture Index added a measly 0.02% to close at 227.74pts. Zimre Holdings Limited headlined the top losers of the day on a 14.97% decline to settle at $0.2721 while, RTG followed on a 7.31% decrease to $0.6025. Beverages manufacturer Delta shed 6.87% to $12.4780 while, FML parred off 4.09% to close at $4.0000. Mashonaland Holdings concluded the top five worst performers of the day on a 2.83% retreat to finish at $1.2005. Trading in the positive was telecoms giant Econet that gained 2.89% to end pegged at $3.7916 as Ecocash Holdings trailing behind on a 1.25% lift to $0.1396. Seed Co Limited rose 0.16% to close at $2.3803 while, retail company OKZIM improved 0.13% to $0.3005. Hippo Valley capped the top five gainers of the day on a 0.05% rise to finish at $5.9300.
Foreigners were sellers in Econet as 3m shares worth $11.40m exchanged hands. Activity aggregates improved in the session as volume traded ballooned 149.74% to 7.13m shares while, turnover soared 1,941.19% to $28.15m. Top volume drivers of the day were Econet, Delta and OKZIM which claimed a combined aggregate of 75.57% of the total. The duo of Delta and Econet drove the value aggregate as they claimed 45.45% and 45.05% apiece. The Revitus REIT was stable at $0.6300 as 3,300 units exchanged hands in the session. The Tigere REIT fell 0.04% to $1.1495 as 598,172 units were traded in the session.