ZSE in gains as elections draw closer

Published: 15 July 2018
THREE ZSE Indices ended the second week of July in gains as the election day draws closer. The primary All Share Index gained 1,51 percent to end at 106.37pts while, the Industrials ticked up 1,54 percent to 357.22pts. The ZSE Top Ten Index extended 2,01 percent to 109pts spurred by gains in heavies Delta, Econet and Old Mutual.

Nine counters traded in the positive with brick maker Willdale in the lead after a 20 percent jump to $0,0060. Beverages group Delta trailed with a 5,19 percent gain to close at $2,0302 having traded an intra-day high of $2,0500. On third place was Axia which went up 4,35 percent to end at $0,2400. Telecoms giant Econet pulled 1,59 percent to close at a VWAP of $1,1162 while, property concern Dawn ended at $0,0144 after a 1,41 percent lift.

Dairibord led the faller's pack after dipping 5,08 percent to $0,1400. Powerspeed tripped 4,76 percent to $0,0800 while Mash dropped 4,55 percent to $0,0210.

Simbisa completed the shakers of the day as it let go a further 2,22 percent to settle at $0,4400. The Mining Index retreated 0,13 percent to 163.42pts weighed down by Hwange which came off 5,00 percent to $0,0380. Other trades in the sub-sector were recorded in Bindura which traded 3,571 at a stable price of $0,0530.

Trades were spread across 20 stocks distributed into nine risers, six fallers and five which held ground to close with a positive market breadth of three. Activity aggregates for the day were mixed with turnover dipping 39,69 percent to $1,52m while, volumes added 9,33 percent to 2,58m shares. Driving the volume aggregate was the trio of Dairibord, Delta and Axia with respective contributions of 39,54 percent, 19,54 percent and 12,93 percent. Delta claimed 67,42 percent of total turnover with the remaining counters contributing 32,58 percent of the same.
- zimpapers
Tags: ZSE,


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