Delta weighs down the market…
The ZSE weakened in Monday’s session as losses in Delta weighed down the market to see three of the benchmarks in our review close in the red.
The primary All Share Index let go 2.20% to 1,628.56pts while, the Industrials slipped 2.26% to 5,387.36pts.
The blue chips Index was down 3.47% at 1,067.97pts. Delta succumbed 12.67% to close at $20.0903, trailed by banking group NMB which trimmed 7.49% to $2.4007.
Apparel retailers Truworths went down a further 6.68% to end at $0.1453 while, conglomerate Meikles shed 5.65% to $16.0000.
Edgars capped the top five losers of the day on a 4.36% retreat to $0.9529.
Headlining the risers’ pack was Turnall which improved 13.14% to $0.6800, reversing previous session’s losses.
Packaging group Nampak followed after putting on 8.24% to settle at $0.9200 while, First Capital added 6.81% to $0.5554.
Dairibord firmed 6.37% to $8.5000 while, Ariston completed the top five gainers of the day on a 3.85% lift to $1.3500. Gainers outnumbered fallers by a count of two leaving the market with a positive breadth.
Volume of shares traded declined 51.59% to 4.47m while, turnover dropped 29.74% to $44.90m.
Top volume drivers of the day were Simbisa, OKZIM and SeedCo which contributed a combined 51.97% of the aggregate. SeedCo, Innscor and Simbisa accounted for 30.55%, 19.51% and 13.15% of the value outturn apiece.
Foreign sales dipped 14.50% to $10.30m while, purchases ballooned 495.30% to $5.80m to register a net funds outflow position.-efesecurities
