Heavies anchor the market in Monday’s session...
Heavies anchored the market in Monday’s trades, despite a slow trading session as anxiety of the upcoming 2024 fiscal policy continues to grow. The All-Share Index was 0.92% firmer at 182,945.06pts while, the Blue-Chip Index advanced 1.37% to 77,351.72pts spurred by Seedco Limited and Delta. The Agriculture Index was the major gainer amongst the indices we review as it went up 1.59% to 611.33pts while, the Mid Cap Index eked out narrow gains of 0.06% to settle at 815,062.27pts. Leading the market charge was seed producer SeedCo Limited that jumped rose 15.00% to $968.3000 on growing demand while, apparel retailer Edgars was 14.12% higher at $97.0000. Property concern Zimre Holdings Limited edged up 3.23% to end at $160.0000 as beverages producer Delta continued on a recovery path as it added 1.89% to close at a VWAP $3,179.4687. Hotelier Rainbow Tourism Group put on 1.31% to end at $140.5000 as it fastened the top five gainers of the day. Cable producer led the laggards of the day on a 9.74% retreat to $2,200.0000 while, brick producer Willdale was 3.56% weaker at $28.0000. Penny stock Star Africa parred off 0.64% to close pegged at a VWAP of $4.8514 while, packaging company Proplastics plummeted 0.48% to end the day trading at $606.0000. Bankers FBC capped the top five worst performers of the day on a 0.18% decline to $908.1146.
Activity aggregates enhanced in the session as volumes traded increased by 170.99% to see 10.33m shares worth $4.13bn exchange hands. This represented a 130.59% surge in turnover. In the volume category trading was mainly confined in OkZim which claimed 80.24% of the outturn. Value drivers of the day were OK Zimbabwe, Hippo, SeedCo limited and Tanganda with a combined contribution of 80.41%. Datvest MCS and Morgan & Co Multi Sector ETF put on 10.04% and 5.71% respectively. The Old Mutual Top Ten ETF was 3.38% weaker at $31.0162. The Tigere REIT declined 7.49% to $235.7894 as 30,739 units exchanged hands.