ZSE declines as curtains comes down on the month of February…
The ZSE market declined in month-ending session as the primary All Share Index shed 0.24% to 359.11pts while, the ZSE Top Ten Index lost 1.07% to 367.23pts. ZSE Agriculture Index eased 1.77% to close the day at 260.12pts while, on the contrary the Mid Cap Index put on 4.64% to end at 350.51pts. BAT was the major casualty of the day having dropped 10.97% to settle at $219.9900, trailed by Star Africa that tumbled 7.67% to $0.0321. Banking group CBZ fell 1.19% to $14.0500 while, ART trimmed 1.10% to $0.2500. Econet lost a further 0.84% to end the day at $8.9622. Partially mitigating today’s losses was AFDIS and Zimre Holdings that surged a similar 14.96% to close at $13.4500 and $0.5045 apiece. Dairibord firmed up 14.88% to $2.7199 while, construction group Masimba inched up 14.12% to $2.4479. Hippo completed the top five risers of the day on a 11.91% lift to $10.0720.
Volume of shares traded retreated 3.09% to 1.48m while, turnover enhanced 8.08% to $25.52m. Delta claimed a gigantic 90.48% of the value outturn. Volume drivers of the day were Delta, TN Cybertech and Star Africa which accounted for a combined 71.14%. The Datvest MCS let go 0.55% to end the day at $0.0700. A total of 252,540 units worth $22,866.20 exchanged hands in the ETF section. The Tigere REIT plummeted 8.70% to $1.4440 on 185,046 units while, the Revitus REIT was stable at $1.6600 on 100 units.