ZSE closes 1.67% higher…<\/p>\n
The ZSE market closed 1.67% higher at 729,761.90pts, despite signs of waning demand seen in selected counters while, the ZSE Top 10 Index added 1.00% to settle 338,234.92pts. The Agriculture Index was the major gainer amongst its kind as it rose 5.34% to ,581.89pts while, the Mid-Cap Index advanced 2.40% to settle at 2,595,200.81pts. Sugar processor Star Africa led the gainers of the day after jumping 16.16% to $13.1460 as 45,367 shares exchanged hands in the name. The duo of ZB 680,804.00 80.96 and Dairibord edged Up 15.00% to end at circuit breaker limits 1,338,800 53.33 of $4,022.7000 and $1,672.9500 respectively.
\nDiversified group Zimre Holdings Limited buttressed prior sessions’ gains as it added 14.75% to $350.0000 while, Tanganda fastened the top five gainers list of the day on a 14.41% increase to settle at a VWAP of $3,901.1488. Leading the laggards of the day was ART Corporation that shed 2.38% to close at $205.0000, trailed by tightly held counter Mashonaland Holdings that lost 1.42% to settle at $340.0000. TSL retreated 0.46% to close at$2,200.0000 while, beverages group Delta recorded narrow losses of 0.21% to end at 14,500.0946.<\/p>\n
Activity aggregates faltered in the session as volumes traded fell by 53.33% to see 1.34m shares worth $3.64bn exchange hands in the session. The threesome of OK Zimbabwe, Ecocash, NMB drove the volume aggregates of the day as they claimed a combined 78.61% of the aggregates. Turnover drivers of the day were Delta, NMB, OK Zimbabwe and Tanganda that claimed 30.42%, 26.45%, 10.88% and 10.41% in that order. In the ETF category, only one fund registered trades in the session. The Old Mutual Top 10 ETF edged up 14.11% to $140.0000 on 3,275 shares, post announcement of a cautionary statement, in which they advised unit holders, that as a result of changes in composition of the Index, there are considerations underway that could have a material effect on the future of the fund. The Tigere REIT was 0.76% up at $776.6586 as 792,500 units traded in the name.
\nBulls n Bears<\/p>\n","protected":false},"excerpt":{"rendered":"
ZSE closes 1.67% higher… The ZSE market closed 1.67% higher at 729,761.90pts, despite signs of waning demand seen in selected counters while, the ZSE Top 10 Index added 1.00% to settle 338,234.92pts. The Agriculture Index was the major gainer amongst its kind as it rose 5.34% to ,581.89pts while, the Mid-Cap Index advanced 2.40% to […]<\/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-2847","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\/2847","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=2847"}],"version-history":[{"count":1,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2847\/revisions"}],"predecessor-version":[{"id":2848,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2847\/revisions\/2848"}],"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=2847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}