ZSE slips into the red...
The market slipped into the red in midweek session reversing previous day gains. The mainstream All Share Index eased 0.49% to close at 208.27pts while, the ZSE Top Ten Index trimmed 0.46% to end at 205.64pts. The ZSE Agriculture Index shed 1.23% to close the day at 168.79pts. The Mid Cap Index was the only gainer amongst the indices that we review as it rose 0.11% to 237.76pts. Willdale was the major casualty of the day as it succumbed 34.21% to $0.0250, trailed by Star Africa that plummeted 13.94% to $0.0360. Zimre Holdings tumbled 12.79% to $0.1906 as milk processor Dairibord dropped 10.24% to $1.4496. Mashonaland Holdings capped the top five shakers of the day after an 8.02% decline that took it to $1.3905. Partially mitigating today’s losses was tea company Tanganda that surged 12.02% to $0.7674. Following was Meikles that rose 2.53% to $4.0000 as Proplastics grew 0.54% to $1.4775. CBZ and Delta added a similar 0.12% to close at $8.1200 and $13.9867 respectively. The market closed with a negative breadth of six after thirteen counters recorded losses against seven that gained. Volume of shares traded surged 86.31% to 1.17m while, turnover charged 47.10% to $6.07m. Volume drivers of the day were Delta (26.46%), Dairibord (24.16%) and Econet (22.72%). Delta and Econet accounted for a combined 92.30% of the total value traded. On the ETF front, Cass Saddle was stable at $0.1200 on scrappy 80 units. The Tigere REIT soared 12.60% to close at $1.6111 on 73,040 units.