Fidelity highlights Tuesday’s session…

A block trade in Fidelity highlighted today’s trading session as 50.52m shares worth $75.78m exchanged hands at a price of $1.5000.

The trades in the life assurer accounted for 78.41% of total volumes traded and 58.92% of the value aggregate.

The other notable volume and value driver was Masimba which claimed 12.95% of the former and 19.45% of the latter.

Volume of shares traded ballooned 1,342.71% to 64.42m while, turnover surged 186.44% to $120.60m. Local purchases accounted for 99.82% of turnover while, sales claimed 73.80% of the same.

Thirty-two counters registered price movements in the session distributed as nine risers and twenty-three fallers to record a negative market breadth of fourteen.

Construction group Masimba headlined the winners of the day on a 12.04% jump to $2.9974, trailed by Hippo that advanced 5.05% to $17.6016.

The duo of apparel retailers Edgars and Truworths gained 4.94% and 3.23% to close at respective prices of $1.0000 and $0.1500.

Conglomerate Meikles completed the top five risers of the day on a 3.13% lift to $16.5000. Star Africa led the losers pack on a 14.32% drop to $0.2500 as RioZim followed having lost 9.11% to $7.7260. Banking group CBZ let go 6.85% to close at $37.2500 while, Ariston trimmed 3.70% to settle at $1.3000.

Fast foods group Simbisa capped the top five fallers of the day on a 3.54% fall to $6.7534.

The All Share Index shed 1.71% to 1,600.73pts while, the Industrials slipped 1.70% to end at 5,295.79pts.

The ZSE Top Ten Index retreated 1.99% to 1,046.75pts while, the resources index pared 2% to close at 3,323.54pts. -efesecurities