Market extend gains as profit taking sets in…

The ZSE extended gains in Thursday’s session with the mainstream All Share Index adding 0.66% to close at 1,643.31prts while, the Industrials put on 0.68% to 5,437.53pts.

The blue chips Index grew 1.10% to 1,083.20pts. Turnall was the top performer of the day with a 13.33% surge to $0.6800, followed by SeedCo which jumped 10.04% to $18.2679 closing with a spread of $18.3000-$18.5000.

Top capitalised stock Delta garnered 5.39% to close at $23.9574, having traded an intraday high of $27.0000. Telecoms giant Econet earned 5.01% to settle at $5.0538 while, MASH increased 4.35% to end pegged at $0.6000.

Hotelier African Sun was the major casualty of the day after letting go a further 18.42% to close at $1.5000.

Apparel retailer Truworths trailed on a 12.95% fall to $0.1815 while, banking group CBZ succumbed 5.19% to $35.1500. Ariston shed 0.74% to $1.3400 while, construction group Masimba completed the top five fallers on a
0.47% loss to $2.8366. Gainers outnumbered fallers by a count of two, leaving the market with a positive market.

Activity aggregates were mixed in the session as volumes declined 82.16% to 8.67m shares while, value outturn rose 0.77% to $98.94m.

Delta was the top traded counter by volume and value claiming 21.98% of the former and 46.15% of the latter.

Econet, Cassava and Simbisa contributed a combined 46.28% of the volume outturn. Innscor accounted for 14.15% of the value aggregate.

Foreigners were at a net selling position of $10.70m for the day as sales amounted to $20.20m while, purchases stood at $9.51m.-efesecurieties