ZSE slips back into the red...
The market slipped back into the red in Friday’s session as selected heavies weighed down the ZSE. The primary All Share Index lost 0.32% to end at 363.94pts while, the ZSE Top Ten Index went down 0.42% to 376.39pts. Contrastingly, the ZSE Agriculture Index put on 3.96% to 202.85pts while, the Mid Cap Index rose 0.29% to 324.96pts. Cigarette manufacturer BAT and construction group Masimba led the market charge as the duo gained a similar 15% to close at $127.5120 and $2.1850 apiece. Following was Zimpapers that jumped 14.38% to settle at $0.0700 as ZSE Holdings edged up 2.36% to $0.8095. Packaging group Nampak rose 1.16% to end the day at $0.7600. Trading in the negative territory was tea company Tanganda that declined 13.70% to $0.6904 as Econet trailed on a 1.94% retreat to close at $9.9126. Property group FMP shed 1.89% to $0.8700 as TN Cybertech slid 0.83% to $0.1489. Delta capped the top five shakers of the day on a 0.61% loss to $29.6354, having traded a low of $29.0000.
Activity aggregates were mixed in the session as volumes dropped 48.54% to 1.43m shares while, value outturn advanced 20.55% to $9.50m. Volume drivers of the day were ZSE Holdings and Delta that claimed 51.59% and 20.54% apiece. Delta drove the turnover in the session claiming a lion’s share of 91.47% of the aggregate. The Datvest MCS let go 1.15% to close at $0.0625 while, the Tigere REIT rebounded 1.64% to $1.7776 on 15,991 units.