The ZSE market ended the month of October in gains as the primary All Share Index rose 3.77% to close at 213.63pts while, the Blue-Chip Index charged 4.60% to 211.34pts. Segregated Industrials edged up 3.76% to close at 213.63pts while, the Mid Cap Index ticked up 0.68% to 242.38pts. Elsewhere, National Tyre Services Limited (NTS) has announced plans to voluntarily delist from the Zimbabwe Stock Exchange (ZSE) after more than five decades, citing prolonged financial strain from economic instability, high operating costs and persistently low share trading activity.
Dairibord led the risers of the week on a 54.19% surge that took the milk processor to $2.0515 where supply could be found. Ariston followed on a 46.92% uplift that took it to $0.0300 while, Star Africa added 26.39% to settle at $0.0394 on retail demand. Econet was 13.99% higher week on week as it settled at $5.4142. AFDIS ticked up 11.89% to close the week at $8.0000, albeit on scrappy shares. Zimre Holdings Limited rebounded 10.84% to $0.2009 as First Mutual Limited rose 10.01% to end pegged at $1.3160. TN Cybertech also featured in the risers set after rebounding 7.71% to close at $0.1077 with FMP recovering 7.11% to end at $1.1241. Banking group CBZ advanced 6.50% to settle at $7.7980. Overall, twentytwo counters went up during the week against nine fallers while, four remained stable, leaving the market with a positive breadth of thirteen. The major casualty of the week was ART Corporation which succumbed 14.84% to close at $0.0700 following was Nampak that declined 14.66% to settle at $0.5035 on waning demand. BAT dropped 11.25% to end the week at $97.6250 while, Tanganda lost 10.65% to end at $0.7018. Seed producer SeedCo Limited trimmed 9.13% to $3.7825, where demand could be established. Proplastics softened 8.13% to settle at $1.1025 with Unifreight easing 7.87% to close at $1.7505. Meikles Africa Limited retreated by 2.75% to close at $3.2010, having traded a low of $3.0000 during the week. Banking group FBC completed the losers list of the week after dropping 2.47% to end pegged at $7.8000.