Market falters in month opener…

ZSE commenced the month of December in losses as CBZ weighed down the market. The All Share Index let go 0.84% to 1,582.21pts while, the Industrial Index shed 0.86% to 5,232.78pts.

The ZSE Top Ten Index slipped 2.08% to end at 980.42pts while, the resources index added 0.04% to close at 3,233.54pts.

Banking group CBZ topped the fallers’ list after succumbing 10.42% to $33.0991 while, brick manufacturers Willdale trimmed 10.09% to $0.2450.

Ariston fell 4.87% to $1.2842 while, Zimre Holdings lost 2.50% to settle at $2.8250.

Fast foods group Simbisa completed the top five losers of the day on a 1.93% slide to $6.8045.

Leading the winners of the day was banking group ZB which garnered 19.59% to end at $23.9179, trailed by NMB which jumped 19.02% to $2.5000.

Zimpapers put on 14.71% to $0.7800 while, First Capital advanced 10.89% to $0.6914. Cement manufacturer Lafarge capped the day’s risers on a 6.56% lift to $6.5000.

A market breadth of four was registered in today’s session as fifteen counters gained against eleven losers.

Activity aggregates weakened in the session as seen in volumes traded that dipped 46.08% to 59.98m while, turnover dropped 92.24% to $190.65m.

The top volume and value driver of the day was Zimre Holdings which contributed 88.79% to the former and 78.92% of the latter.

Elsewhere, logistics group Unifreight declared a dividend of $0.0704 for the year ended 31 December 2019.

Telecoms giant Econet went down 0.15% to $5.0469 post the release of its HY21 results in which a loss after tax of $84,98m was reported. -efesecurities