ZSE falters in week opener…
The ZSE registered losses in Monday’s session to see all the Indices under our review closing trending southwards. As a result, the mainstream All-Share Index declined 0.48% to
358.45pts while, the Top Ten Index lost 0.42% to 370.56pts. The Agricultural Index went down 0.31% to 237.43pts as the Mid Cap Index eased 0.86% to 330.60pts. Headlining the risers’ list for the second consecutive session was ZSE Holdings that ticked up a further 13.45% to end at $1.1009, where supply could be established. Following was Tanganda Tea Estates which went up 7.53% to close at $0.7000 with sugar refiner Star Africa rebounding 1.42% to settle at $0.0360. Hippo Valley Estate rose 0.94% to see it ending at $7.5031 while, agricultural concern Ariston added 0.31% to $0.0321. On the downside was Zimre Holdings Limited which succumbed 8.78% to end the session at $0.6390 while, Dairibord rolled back to $1.8503 on a 7.49% slide. Retailer OK Zimbabwe was 3.86% down at $0.1002 as demand continued to wane in the name while, Rainbow Tourism Group lost 2.17% to settle at $1.3500. TN Cybertech completed the top five losers of the day on a 0.59% decline that took the banking group to $0.1043, having reached an intra-day low of $0.1000.
Overall, ten counters traded in the negative against six risers, while one remained stable, to leave the market with a negative breath of four. In the ETF zone, Datvest was the only fund to register a trade as 99,450 units exchanged hands at a stable price of $0.0630. Tigere REIT traded a circa 7.08m units lower at $1.6495. Activity aggregates closed mixed as reflected in volumes which declined 26.98% to 1.68m shares, yielding a value outturn of $32.49m which was 67.87% up from prior session. Delta was the most sought-after stock of the day after accounting a lion’s share of 57.93% and 88.49% of the volumes and values respectively. The other notable trade was in Econet which claimed 8.24% of the value and 17.55% of the volumes exchanged.