Econet highlights the session...
Econet highlighted Tuesday’s session as its traded a circa 2.1m shares worth $1.5bn, claiming 63.64% of the volume outturn and 63.44% of the turnover. The other notable volume driver was sugar refiner Star Africa that claimed 11.88% of the total. Delta and FBC contributed a combined 23.84% of the value traded. Activity was depressed in the session as volume traded declined 63.13% to see 3.81m shares worth $2.53bn exchange hands. This represented a 38.61% retreat in the turnover traded. In the ETF category, only three funds were active in the session as the Morgan & Co Multi Sector ETF was 1.85% up at $419.6233. The Old Mutual Top Ten ETF parred off 0.68% to $30.8049 while, the Cass Saddle ETF was stable at $7.5000. A total of 27,785 units worth $1.88m traded in the session. The Tigere REIT closed 7.60% higher at $253.7188 as 421,228 units traded.
Seed technology group SeedCo Limited led the risers of the day as it notched up 15.00% to $1,113.5000, albeit on scrappy shares, trailed by dairy producer Dairiboard that advanced 13.70% to $624.2424. Hotelier Rainbow Tourism Group buttressed prior session’s gains as it firmed 11.03% to $156.0000 while, bankers NMB garnered 5.41% to close at a VWAP of $495.4813. Conglomerate Meikles added 5.12% to $1,230.9412 as it capped the gainers’ list of the day. Partially weighing down the market were General Beltings and Ecocash that plunged 6.15% and 2.97% to see the former settle at $20.9744 and the latter at $125.9727. The duo of banking in CBZ and FBC plummeted 0.44% and 0.34% to $2,100.0409 and $905.0073 apiece. Spirit and wines producer AFDIS lost a negligible 0.0013% as scrappy 4,200 shares traded in the counter.
The All-Share Index put on 1.84% to 186,320.34pts while, the Top 10 Index surged 2.09% to close pegged at 78,971.20pts. The Agriculture Index was 3.03% higher at 629.86pts while, Mid Cap Index recovered 1.37% to end at 826,230.89pts.