Losses persist on the ZSE…
Losses on the ZSE persisted into the second trading session of the week as the All Share Index retreated 3.57% to 246.83pts. The Blue Chip Index fell 4.94% to 262.95pts mainly weighed down by Econet, CBZ and OK Zimbabwe that experienced selling pressure during the session. Contrastingly, the Agriculture Index was 1.07% firmer at 214.18pts while, the Mid Cap Index was 0.27% up at 196.84pts. Telecommunications company Econet led the laggards of the day as it plunged 14.69% to $4.1509 while, Nampak continued to lose ground day on day as it parred off 13.14% to $0.9033. Banking giant CBZ closed at $13.0000 following a 12.61% descent. Retailer OK Zimbabwe shed 5.01% to $0.9001 while, First Mutual Holdings fastened the top five losers’ list of the day on a 4.76% drop to $4.0000. Partially offsetting the market losses were gains in agricultural concern CFI that charged 14.98% to $2.4480. Banking duo in NMB and ZB trailed behind as they soared 8.70% and 6.16% respectively to see the former settle at $2.5000 and the latter at $9.7800. Property concern First Mutual Holdings advanced 5.00% to close at $0.7245 while, Meikles capped the top five gainers of the day on 4.46% rise to $5.8500.
Activity aggregates enhanced in the session as volume traded ballooned 122.25% to see 1.14m shares worth $4.43m exchange hands. This represented a 9.19% rise in turnover. OK Zimbabwe, Econet, Willdale and Delta drove the volume aggregates of the day as they contributed a combined 83.32% of the total traded. Turnover drivers of the day were Delta and Econet that claimed 53.03% and 25.19% respectively. In the ETF category, no price movements where recorded as 17,450 units worth $838.50 traded. The Tigere REIT edged up 4.54% to $1.1500.