20 September 2022
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ZSE halts 11-day losing streak...
The ZSE witnessed resurgent demand in selected stocks,
halting losses accumulated for the past eleven trading
sessions. The primary All share Index jumped 3.00% to
10143.43pts while, the Top 10 Index advanced 5.36% to
5615.34pts. ZSE-Agriculture Index rose 0.41% to end at
62.12pts. Contrastingly, the Mid-Cap Index trimmed a
further 0.80% to close at 25017.98pts. Axia headlined the
gainers of the day on a 14.87% uplift to end pegged at
$28.6500 as Fintech group Ecocash Holdings added 14.49%
to $30.0000. Zimre Holdings Limited gained 12.50% to
$4.5000 while, telecoms giant Econet went up 11.99% to
$64.9381. Masimba Holdings capped the top five winners’
set of the day on a 11.26% lift to $49.5192. Leading the
losers of the day was General Beltings and Turnall Holdings
which slumped a similar 15% to $1.7000 and $3.3150
respectively. Mining house RioZim trimmed 14.74% to close
the day at $81.0000. The duo of Meikles and RTG completed
the top five shakers’ pack on a 9.37% and 6.55% drop to
$77.0323 and $5.9900. The market closed on a negative
breadth of four as thirteen counters gained ground against
seventeen counters that lost their grip.
Econet, Innscor and NMB were the top volume drivers of the
day after contributing 28.73%, 24.45% and 15.24%
accordingly. Innscor, Econet, Delta and Simbisa contributed
a combined 86.36% of the total value traded. Activity
aggregates enhanced in the session as volumes traded
improved 156.66% to 3.38m shares while, the turnover
ballooned 198.60% to $279.07m. On the VFEX, Bindura was
the only counter that registered trades as 36,000 units worth
USD$1,105.2000 exchanged hands closing at a stable price of
$0.0307. Datvest ETF went down 0.45% to $1.3705 as MIZ
ETF declined 0.85% to $1.2089. Morgan and Co MCS ETF
climbed 7.38% to $28.4545 while, Old Mutual ETF grew
13.60% to $3.9940.
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