ZSE recovers in Thursday’s session…
The market recovered in Thursday’s session as mid and heavy cap counters buoyed the ZSE. The primary All Share Index rose 1.53% to 197.81pts while, the ZSE Top Ten Index climbed 1.97% to 190.56pts. The Mid-Cap Index inched up 0.02% to 246.92pts while, the ZSE Agriculture Index ticked up 0.58% to 163.17pts. Seed Co Limited headlined the risers of the day as it surged 14.96% to $3.5088 while, Delta jumped 8.46% to $13.2019. Sugar producer Hippo advanced 4.16% to $6.2000 as telecommunications giant Econet edged up 0.45% to $4.0983. Zimre Holdings improved 0.26% to end pegged at $0.2707. Construction group Masimba led the fallers of the day after a 14.99% plunge to $2.8895, following closely behind was Mashonaland that sank 14.98% to $1.3455. BAT dropped 6.67% to $70.0000 while, TN Cybertech fell 2.35% to $0.1200. Capping the decliners of the day was TSL that retreated 2.19% to $2.7290.
Activity aggregates were depressed as turnover plummeted 81.95% to $2.76m while, volumes tumbled 83.81% to see 579,900 shares exchange hands. The top contributor to volume was Proplastics which claimed 40.71% while, notably Delta and Econet contributed a combined 31.73%. Value drivers of the day were Delta (52.00%), Proplastics (11.64%), Econet (11.21%) and BAT (10.92%). The Tigere REIT shed 0.02% to $1.4000 on 364,686 units while, the Revitus REIT remained stable at $0.7000 on 1,120 units. The Datvest MCS ETF remained stable at $0.0300 as 9,500 units exchanged hands.