ZSE commences new week in losses…
The ZSE market commenced the new week in losses as the primary All Share Index lost 1.63% to 255.98pts while, the Blue-Chip Index fell 1.64% to 276.61pts. The Agriculture Index eased a negligible 0.0002% to 211.90pts while, the Mid Cap Index gave up 1.07% to 196.32pts. ZB Financial Holdings led the laggards of the day on a 15.00% slide to $9.2125, followed by fintech group Ecocash Holdings that dropped 13.63% to $0.3412. Turnall retreated 13.04% to close at $0.0600 while, brick maker Willdale declined 3.76% to $0.0502. Telecoms giant Econet completed the fallers of the day on a 2.55% retreat to end the day pegged at $4.8658. Partially mitigating today’s losses was Star Africa that jumped 14.57% to $0.0171 while, retailer OK Zimbabwe charged 2.67% to $0.9475. FMP firmed up 0.36% to $0.6900 while, FBC retreated 0.12% to settle at $11.1800. Zimre Holdings capped the top performers of the day on a 0.10% uplift to end the day pegged at $0.3335. The market closed on a negative breadth of three as nine counters recorded losses against six gainers.
Activity aggregates enhanced in the session as volume traded ballooned 36.35% to 514,600 shares while turnover grew 396.43% to $4.06m. Top volume drivers of the day were Delta (39.66%), Ecocash (21.53%), Star Africa (15.90%) and Econet (7.73%). Delta dominated the total value traded after a lone contribution of 92.31%. Other value drivers of the day were Econet (4.77%) and Ecocash (0.93%). A total of 8,600 units exchanged hands in the ETF category. OMTT ETF eased 2.18% to close at $0.1600 as 800 units exchanged hands in the session. Datvest ETF exchanged 7,800 units to close flat at $0.0300. Tigere REIT shot up 0.07% to $1.1001 after 721,472 units exchanged hands in the week opening session.