The ZSE market continued to trek northwards in the final full week of the month on the backdrop of surging midcap counters. The Mid cap Index charged 8.82% to end at 814,589.67pts while, the All-Share Index added 2.19% to 181,272.70pts. The Industrial Index was up 2.18% to close at 582,163.07pts. The ZSE Top Ten Index was the lone faller amongst the indices that we review as it receded 1.02% to 76,303.61pts dragged down mainly by weakening demand in Delta, CBZ and BAT. Elsewhere, Econet released their HY24 results in which PAT ballooned 422% to $63.66bn as volume of voice and data grew by 24% and 25% respectively. However, no dividend was declared for the period. Price movements were seen in thirty-two counters disseminated into nineteen gainers and thirteen fallers to leave the market with a positive weekly breadth of six. First Mutual Properties headlined the winners of the week after a 22.35% surge to end at $208.0000. General Beltings garnered 20.36% week on week to close at $22.3273 while, Zimre holdings jumped 19.23% to settle at $155.0000. Agriculture concern Ariston leapt 18.03% to $36.0000 as SeedCo Limited charged 14.56% to close at its weekly high of $842.000. Zimplow hopped 13.63% to end at $25.0000 as TSL edged up 13.46% to land at $1,197.0000. Cable manufacturer Cafca went up 10.80% to $2,437.5000 while, bankers NMB gained 10.53% to close at $470.0300. Econet capped the top ten risers of the week on a 7.56% climb to $700.5555.
Decliners of the week were led by packaging group Nampak that dipped 10.58% to $299.5000 followed by Delta that plummeted 5.50% to $3,120.4943 on wanning demand. CFI trimmed 5.00% to close at $1,900.000 on scrappy shares while, RTG and CBZ shed a similar 3.44% fall to close at $138.6806 and $2,100.0000 apiece. Financial services group ZB reversed prior week gains to close 3.41% lower at $850.0000. Cigarette manufacturer BAT slipped 2.62% to end at its weekly low of $12,999.9567 while, Star Africa eased 1.06% to $4.8825. Apparel retailer Truworths let go 0.57% to end at $37.7830 as Proplastics held the tenth position on the fallers’ table after a 0.18% retreat to $608.8927.