The ZSE market reversed prior week’s gains as three of the four indices under our purview closed in the red. The AllShare Index retreated 0.04% to close at 208.19pts while, the Blue-Chip Index was 0.22% weaker at 206.05pts. The Industrial Index fell 0.01% to end pegged 208.11pts while, the Mid Cap Index edged up 0.79pts to close pegged at 235.34pts. Elsewhere, the Tigere Property Fund issued a cautionary statement advising fund members that it is currently in negotiations with related parties to acquire two income-producing assets for inclusion into the REIT.
Turnall was the major casualty of the week having succumbed 24.78% to close at $0.0417 as agriculture concern Ariston trailed on a 17.92% decline that took it to $0.0305. Lone miner RioZim dipped 14.89% to end the week at $0.6830 as ART dropped 13.33% to settle at $0.1300. Mashonaland Holdings plunged 9.20% to close at $1.5301 as TSL shaved off 7.09% to close at its weeklow of $2.0900. ZSE Holdings came off 6.45% to end pegged $1.8500 while, brick makers Willdale tumbled 5.76% week on week to $0.0360. Life Assurer Fidelity was down 5.56% to $0.4066 in a single trade that saw 900 shares exchanging hands. First Mutual Holdings capped the top ten fallers of the week after a 3.23% loss that took the insurer to $3.0000. Leading the risers of the week was Tanganda Tea Estates which surged 18.38% week on week and closed at $0.9500. Following was Star Africa which ticked up 17.48% to settle at $0.0470 while, logistics group Unifreight added 15% and settled at $1.7135, where demand could be found. Meikles Limited rose 14.22% as it settled at $4.0000, albeit on scrappy shares with milk processor Dairibord trailing behind on a 3.96% uplift that took it to $1.9000. Banking group CBZ advanced 1.39% to $8.1100 while, SeedCo Limited added 1.28% to settle at $3.8500 on the back of firming demand. Econet Wireless Holdings was 1.09% firmer at $4.6005 while, spirit and
wines manufacturer AFDIS went up 0.70% to close at $7.1500. Delta Corporation added 0.35% to settle at $13.9819 as demand continued to firm up in the name.