Selected heavies drag the ZSE…
The ZSE commenced the trading week in losses as selected top capitalised counters weighed on the market. The primary All Share Index fell 3.48% to 191.38pts while, the Blue-Chip Index lost 5.05% to 182.89pts. Contrastingly, the Agriculture Index inched up 0.75% to 175.27pts while, the Mid Cap Index ticked up 1.19% to 245.51pts. ART led the laggards of the day on a 15.00% drop to $0.2210, followed by Ecocash that slipped 10.98% to $0.1339. Insurer FML trimmed 9.09% to close at $4.0000 while, beverage giant Delta tumbled 8.87% to $13.8976. Telecoms giant Econet capped the top five decliners of the day on a 1.46% retreat to end pegged at $2.7036. Partially mitigating today’s losses was seed producer Seed Co that charged 8.57% to $2.6500 while, brick maker Willdale firmed up 5.02% to $0.0380. Zimre Holdings Limited completed the top three risers list of the day on a 0.11% rise to $0.2305. The market closed with a negative breadth of four as seven counters recorded losses against three that gained.
Activity aggregates were depressed in the session as volume traded dropped 48.23% to 284,400 shares while, turnover dipped 89.15% to 591,168 shares. Volume drivers of the day were Ecocash (49.44%), Star Africa (14.10%) and Delta (11.95%). Delta, SeedCo and Econet were the top value drivers of the day, contributing 79.93%; 8.11% and 6.91%
respectively. Tigere REIT surged 13.41% to end the day pegged at $1.1011 as 13,023 units exchanged hands in the session.