ZSE retreats further…
The market continued to falter in Monday’s session as the AllShare Index eased 0.46% to close at 362.27pts. The Blue Chips Index lost 0.86% to close at 373.16pts as the Agriculture Index shed 3.61% to 195.53pts. On the contrary, the Mid Cap Index grew 1.90% to close at 331.13pts. ZSE Holdings declined 11.65% to settle at $0.7152 as it reversed prior session’s gains. Trailing was cigarette maker BAT that plummeted 11.37% to $113.0083 as TN Cybertech plunged 5.50% to $0.1407. Bankers CBZ let go 5.11% to $14.4737 while, Econet fell 0.88% to $9.8259. Headlining the gainers of the day was construction group Masimba that surged 14.99% to settle at $2.5125. Following was First Mutual Holdings that jumped 11.74% to $3.9000 as tea company Tanganda moved up 0.64% to $0.6948. AFDIS was 0.54% firmer at $9.3005 while, agriculture concern Ariston put on 0.33% to $0.0300.
Activity aggregates enhanced in the session as volumes ballooned 314.90% to 5.92m shares while, value outturn advanced 11.81% to $10.63m. Ariston claimed 77.02% of the
total volumes traded. Delta, Econet and BAT anchored the value aggregate as they claimed a combined 91.10% of the value outturn. The MIZ ETF and the Morgan and Co MCS were stable at $0.0740 and $1.8500 apiece as 3,700 units traded in the two ETFs. The Tigere REIT was 0.23% up at $1.7817 on 20,841 units while, the Revitus REIT was unchanged at $1.4600 on scrappy 65 units.