ZSE rises further…
Gains persisted into the final week of the month of July as the mainstream All-Share Index rose by a further 0.41% to 201.53pts. The Agriculture Index jumped 2.28% to 167.30pts on the back of gains in Tanganda, BAT and SeedCo Limited. The ZSE Top Ten and Mid-Cap Indices gained a similar 0.42% to close at 195.00pts and 247.71pts in that order. Tea producer Tanganda led the winners of the day having surged 14.44% to $1.0300 on retail demand as Property concern Mashonaland Holdings jumped 8.95% to $1.5000, albeit it closing well offered lower. BAT climbed 7.14% to $75.0000 on 1000 shares. OK Zimbabwe rebounded 3.23% to $0.1885 despite selling pressure seen in the retailer while, SeedCo Limited went up 1.58% to close at a VWAP of $3.5646 as it completed the top five risers set of the day.
On the downside was Zimpapers that plunged 20.40% to settle at $0.0800 as 50,000 shares exchanged hands. Sugar refiner Star Africa tumbled 16.75% to $0.0417 while, brick manufacturers Willdale dropped 1.99% to $0.0391, closing with a spread of $0.0300-$0.0400. Telecommunications giant Econet slid 1.97% to $4.5091 on waning demand while, Zimre Holdings Limited shed 1.69% to $0.2753, capping the top five laggards list. Volumes traded declined 92.16% to 459,100 shares while, turnover plunged 92.11% to $1.98m. Delta (24.74%), Dairiboard (23.89%) and Star Africa (16.82%) were the top volume drivers in the session. Delta again emerged as the top value driver claiming 76.14% of the total. The Revitus REIT surged 14.64% to $0.8025 on 160 units while, Tigere REIT edged up 1.79% to $1.4011 on 7,103 units. The Cass Saddle ETF remained stable at $0.1300 as 200 units exchanged hands.