ZSE nosedives…
The market slipped into the red in the week ending session as selected heavies dragged down the ZSE. The primary All Share Index declined 3.62% to 186.87pts while, the Blue Chips Index retreated 4.74% to 178.81pts. The Mid Cap Index retreated 0.30% to end at 238.87pts. Contrastingly, the ZSE Agriculture Index was the sole gainer amongst the indices we review as it put on 3.22% to 176.27pts. Delta was the top laggard of the day after dropping 11.36% to $12.9837 while, hotelier RTG dipped 5.97% to end at $0.6300. Ecocash tumbled 3.07% to close at $0.1260 while, banking group NMB shed 0.82% to $3.7000. Tea company Tanganda lost 0.25% to end the week at $1.0025. Partially mitigating today’s losses was BAT that charged 15.00% to $83.2600 as Star Africa jumped 2.66% to $0.0396. Telecoms giant Econet added 1.31% to $2.6977 as mining company RioZim edged up 0.57% to $0.7950. Milk processor Dairibord capped the top five gainers of the day after a 0.15% gain that took it to $1.7225.
Volume of shares traded surged 62.23% to 8.78m while, turnover ballooned 367.50% to $26.57m. Top volume drivers of the day were NMB and OKZIM that claimed 56.95% and
31.77% apiece. NMB and Delta accounted for a combined 88.17% of the total value traded. The Datvest ETF was stable at $0.0300 on 2,500 units. The Tigere REIT gave up 2.97% to settle at $1.1061 on 68,020 units worth $75,237.78.