The ZSE commenced the first week of the month in losses as selected heavies weighed on the market. The mainstream All Share Index shed 4.09% to close the week at 472.71pts while, the Industrial Index retreated 4.15% to settle at 463.67pts. The ZSE Top Ten Index dropped 5.33% to end the week lower at 460.83pts while, on the contrary the Mid Cap Index added 0.85% to close at 556.00pts. Elsewhere, TNCI released an impressive set of HY27 results in which its PAT rose by 36% to US$4.89m and declared a dividend of US$0.00625.
The market closed the week with a negative breath of one as eleven counters gained against twelve that declined. Hippo was the top faller of the week having plummeted 27.06% to close at $9.1158, trailed by First Mutual Holdings that succumbed 24.85% to close at $3.0026. Bankers FBC dipped 20.00% to end the week at $10.0000 as beverages concern Delta plunged 6.52% to settle at $34.5401, having traded a weekly low of $34.0000. General Beltings eased 4.74% to $0.0948 while, packaging group Nampak parred off 2.61% to close the week at $1.1200. Mashonaland Holdings fell 1.74% to $1.6900 with milk processor Dairibord trimming 0.78% week on week to $5.0600. TN Cybertech slid 0.49% to $0.8433 while, ZSE Holdings capped the top ten fallers of the day on a 0.22% retreat to $4.4900.
Leading the market charge was Star Africa that surged 13.71% to close at $0.0630. Following was SeedCo Limited which jumped 7.65% to end pegged at $4.0000 as life assurer Fidelity rallied 7.53% to $1.0000. Banking group CBZ firmed up 6.95% week on week to settle at $29.9995. Zimre Holdings grew 5.85% to $0.7625 while, brick makers Willdale edged up 4.53% to close the week at $0.0533. NMB climbed 4.46% to $7.5000 with ZB Financial Holdings putting on 1.33% to $7.6000. Tea company Tanganda rose 0.48% to end pegged at $3.5167 while, Proplastics went up 0.39% to close the week at $1.1545.