Mid cap counters weigh on the market\u2026<\/p>\n
The ZSE market closed marginally lower in Monday\u2019s trade as the All Share retreated 0.02% to close at 508,108.85pts while, the Mid Cap Index faltered 0.08% to end at 2,128,961.98pts. On the contrary was the Agriculture Index that edged up 0.60% to 1,484.64pts while, the Blue-Chip Index eked out narrow gains of 0.03% to 224,953.08pts. A total of twenty-six counters registered price movements segregated into fourteen losers and twelve gainers. RTG led the laggards of the day as it declined 14.76% to $366.6500, trailed by Bridgefort Capital A that is trading under a cautionary after shedding 12.50% to $35.0000. Meikles continued with its negative performance as it dropped 9.14% to end at a VWAP of $2,463.9306 while, Edgars took 8.47% knock to settle at $400.0000. Retailer OK Zimbabwe capped the top five worst performers of the day as it plummeted 5.12% to $637.3560 after releasing its Q3 trading update in which quarterly volumes fell by 32%. Partially offsetting today\u2019s losses were gains in Fidelity that garnered 14.99% to close at $622.0000 while, NTS charged 14.29% to end at $160.0000. Property concern Mashonaland Holdings was 13.36% higher at $249.8557, where supply could be found. Dairy processor Dairibord firmed up 10.24% to close trading at $1,168.3500 while, ART added 6.93% to close at $171.0909 as it fastened the top five gainers list of the day.<\/p>\n
Activity aggregates were mixed in the session as volume of shares traded faltered 19.54% to see 2.26m shares exchange hands while, turnover jumped 87.34% to $5.11bn. The trio of Delta, OK Zimbabwe and Star Africa drove the volume aggregates of the day as they claimed a combined 72.66% of the total. In the turnover category, activity was mainly confined in Delta that claimed 69.80% of the value traded. Three funds registered price movements as Cass Saddle ETF and Morgan & Co Made in Zim notched up 2.29% and 1.56% respectively. The Datvest MCS lost 2.56% to close at $19.0000. In other news, First Mutual Holdings released a new cautionary statement stating that they will be appealing to the High Court on corrective orders set out on FML Life by IPEC.-efesecurities<\/p>\n","protected":false},"excerpt":{"rendered":"
Mid cap counters weigh on the market\u2026 The ZSE market closed marginally lower in Monday\u2019s trade as the All Share retreated 0.02% to close at 508,108.85pts while, the Mid Cap Index faltered 0.08% to end at 2,128,961.98pts. On the contrary was the Agriculture Index that edged up 0.60% to 1,484.64pts while, the Blue-Chip Index eked […]<\/p>\n","protected":false},"author":1,"featured_media":2638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-commentary"],"_links":{"self":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2711"}],"version-history":[{"count":3,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2711\/revisions"}],"predecessor-version":[{"id":2735,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2711\/revisions\/2735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/media\/2638"}],"wp:attachment":[{"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}