ZSE advances further as demand in selected heavies increase.<\/p>\n
The ZSE advanced further in Wednesday’s trades, buoyed by increased demand in selected heavies. The All-Share Index was 2.13% firmer at 548,400.18pts while, the Blue-Chip Index was 1.87% up at ,235.99pts. Trading in the negative was the Mid-Cap Index that shed 0.43% to settle at 2,162,494. 19pts. The duo of Fidelity and Tanganda led the gainers of the day as they charged 15.00% to end at circuit breaker limit of $715 .3000 and $2,242 .5500 apiece. Telecommunications group Econet trailed on a 14.82% jump to trade at a VWAP of $2,270.1067, post announcement of a USO.SS cents dividend, with the last payout having been done in 2021. <\/p>\n
Conglomerate Meikles edged up 12.56% to close at $3,940.0000 while, bankers ZB fastened the top five gainers list of the day on a 11.11% gain to $2,000.0000. Partially weighing down the market was NMB that eased 15.00% to $2,422.5000, followed by Mashonaland Holdings that lost 13.04% to settle at $300 .0000 as 600 shares traded in the name. Sugar processor Star Africa reversed prior sessions’ gains as it declined 1.40% to end at a VWAP of $9 .2187 while, General Beltings tumbled 0.66% to $136.0000. Fintech group Ecocash parred off 0.18% to trade at $552.0920.<\/p>\n
Activity aggregates faltered fn the session as volume traded fell by 36.79% to 4.33m shares while, turnover declined by 63.23% to end at $6.20bn. The duo of Ecocash and NMB led the volume driver of the day as they claimed a combined 91.31% of the aggregate. In the turnover category, trading was mainly confined in NMB, Ecocash and BAT as they claimed 46.19%, 24.09% and 20.58% respectively. In the ETF category, the Old Mutual Top 10 ETF inched up 1.62% to $92.0000 while, Datvest MCS rose 0.21% to close at a VWAP of $19.9922. The Cass Saddle ETF was 6.64% weaker at $7.2818 as 2.2m units traded. The Tigere REIT edged up 3.63% to $700.4296. Elsewhere, the tobacco auctions opened today and the first bale was sold for $4.92\/kg<\/p>\n","protected":false},"excerpt":{"rendered":"
ZSE advances further as demand in selected heavies increase. The ZSE advanced further in Wednesday’s trades, buoyed by increased demand in selected heavies. The All-Share Index was 2.13% firmer at 548,400.18pts while, the Blue-Chip Index was 1.87% up at ,235.99pts. Trading in the negative was the Mid-Cap Index that shed 0.43% to settle at 2,162,494. […]<\/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-2824","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\/2824","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=2824"}],"version-history":[{"count":3,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2824\/revisions"}],"predecessor-version":[{"id":2827,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2824\/revisions\/2827"}],"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=2824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}