ZSE falters post workers day holiday break…<\/p>\n
The ZSE faltered in the penultimate session of the week as the All-Share Index dropped 0.60% to settle at 98.23pts while, the Blue-Chip Index was 0.48% weaker at 96.45pts. The Agriculture Index parred off 1.16% to settle at 92.48pts while, the Mid-Cap Index eased 0.89% to end at 102.97pts. Roofing and tile producing company Turnall led the laggards of the day as it plummeted 14.22% to close at $0.0232 while, dairy producer Dairibord was 11.78% weaker at $0.9020. Retailer OK Zimbabwe retreated 5.22% to end the day trading at
\n$0.5402 while, telecommunication group Econet continued on its downward trend as it lost 3.12% to close at $1.4036. Fintech company Ecocash succumbed 2.83% to close at $0.2866 as 4,600 shares traded in the counter. Partially offsetting today’s losses were hotelier RTG that charged 14.94% to end at
\n$0.2070 while, Zimre Holdings trailed on a 2.34% addition to
\n$0.3200 . Sugar processor Star Africa advanced 0.87% to end trading at $0.0074 as small cap counter General Beltings inched up 0.54% to $0.0488. Beverages producer Delta which is trading in a closed period eked out negligible gains of 0.03% to close at $7.1074. A total of seventeen counters exchanged hands, segregated into seven gainers and ten losers, to leave the market with a negative breadth of seven.<\/p>\n
Activity aggregates were depressed in the session as volume of shares traded declined by 33.76% to 588,900 while, turnover fell by 13.80% to $621,252.05. Star Africa led the volume drivers of the day as it contributed 49.67% of the total, followed by Meikles that claimed 20.80% of the aggregate. In the turnover category Meikles and Delta drove the daily aggregates as they claimed a combined 84.01% of the total value. In the ETF category only two funds registered trades in today’s session. The Morgan & Co Made in Zimbabwe ETF jumped 13.61% to end at $0.0095 while, the Old Mutual Top 10 ETF was stable as 16,210 units exchanged hands in the name. The Tigere REIT was 2.45% firmer at $0.5641 as 17,805 units traded.<\/p>\n
VFEX reverses prior session’s gains…<\/p>\n
The VFEX market reversed prior session’s gains as it lost 0.92% to end trading at 98.69pts. Conglomerate lnnscor led the worst performers of the day as it eased 7.63% to $0.4445 while, Edgars let go 2.00% to $0 .0196. Fast foods producer Simbisa trimmed 0.38% to end at $0.3646. Trading in the positive territory were retail and distribution company Axia that notched up 19.90% to end at $0.0964 while, National Foods inched up 1.49% to $1.3194. Bankers First Capital ticked up 0.40% to close at $0.0248. Hotelier African Sun was up 0.28% to end at $0.0352, post announcement of its FY23 results in which they reported a loss of $0.36m. Seed technology group SeedCo International was 0.05% higher at
\n$0.2206 .<\/p>\n
Activity aggregates faltered in Thursday’s trades as volumes traded tumbled 18.59% to 26,921 while, turnover was 20.07% lower at $4,459.27. First Capital, African Sun, Simbisa and lnnscor drove the volume aggregates of the day as it contributed 29.35%, 25 .35%, 17.77% and 13.93% respectively. Duo of Simbisa and lnnscor drove the turnover as they claimed a combined 76.49% of the total.-efe<\/p>\n","protected":false},"excerpt":{"rendered":"
ZSE falters post workers day holiday break… The ZSE faltered in the penultimate session of the week as the All-Share Index dropped 0.60% to settle at 98.23pts while, the Blue-Chip Index was 0.48% weaker at 96.45pts. The Agriculture Index parred off 1.16% to settle at 92.48pts while, the Mid-Cap Index eased 0.89% to end at […]<\/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-2978","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\/2978","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=2978"}],"version-history":[{"count":1,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2978\/revisions"}],"predecessor-version":[{"id":2979,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/2978\/revisions\/2979"}],"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=2978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctrade.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}