ZSE reverses prior session’s losses…
The market reversed prior session’s losses in mid-week trades as the All Share Index gained 3.87% to 195.92pts. Similarly, the ZSE Top 10 Index advanced 4.64% to 192.57pts. The Mid-Cap Index edged up 1.52% to 158.65pts while, the Agriculture Index improved 1.65% to 158.65pts. TSL led the gainers of the day with a 14.82% jump that took it to $2.1950, trailed by hospitality and tourism company RTG with a 14.00% surge to $0.6869. Banking group FBC Holdings charged 8.51% to $7.5953 as First Mutual Properties advanced 8.04% to $1.3959. Beverages giant Delta ticked up 7.32% to end pegged at $13.3919. On the other hand, Star Africa retreated 8.69% to $0.0502 while, Zimre Holdings shed 4.35% to $0.2602. Retailer OK Zimbabwe trimmed 0.15% to end pegged at $0.3000.
Foreign selling was in Innscor that traded 3.17m shares and Padenga with 47,023 shares. Activity aggregates were depressed in the session as turnover retreated 5.54% to $26.59m while, volumes traded plunged 50.97% to see 3.5m shares exchange hands. Driving the volume and value aggregates were Delta and Econet with a combined assertion of 83.31% of the former and 97.25% of the latter. Tigere REIT rose 1.77% to $1.1698 as 727,452 units traded.