ZSE pegs week in the red

ZSE pegged the last trading day before the general elections in the red with three of the indices closing pointing southwards. The primary All Share Index lost 0,60 percent to 114.31pts while, the Industrial Index dropped 0,61 percent to close at 384.22pts.

The Top Ten Index dipped 0,73 percent to end at 118.87pts weighed down by Innscor, Econet, Padenga and Delta. Getbucks led the shakers of the day after shedding 10 percent to settle at $0,0333 with Innscor trailing after tripping 5,24 percent to $1,4214.

Mash closed at $0,0225 after a 2,17 percent loss while, telecoms giant Econet tripping 1,23 percent to close at a VWAP of $1,2491 closing with a spread of$1,2200-$1,2500. Padenga wrapped the top five shakers of the day with a 0,78 percent decline to settle at $0,6000.

Cement manufacturer PPC topped the gainers’ list as it ticked up 3,20 percent to $1,2000 while, Natfoods rose 1,80 percent to end at a vwap of $5,6094, having an intraday high of $5,6100.

Simbisa and Old Mutual completed the day’s risers as the duo gained 1,46 percent and 0,10 percent to $0,4800 and $5,0050 respectively.

The market closed with a negative breadth of three as four counters rose while, seven fell with nine holding the ground. Activity aggregates for the day were subdued as seen in volumes which retreated 13,23 percent to 90,65m shares while, turnover plunged 34,60 percent to $4,76m. Block trades in Getbucks and FMP highlighted today’s trading session as the duo claimed a combined 97,41 percent and 69,58 percent of volume and value out-turns respectively.

Source :

sundaynews

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