ZSE extends gains

The ZSE extended gains in mid-week session as four benchmark indices in our review closed pointing northwards.

The mainstream All Share Index put on 1.29% to 1,540.45pts while, the Industrial Index ticked up 1.31% to close at5,085.68pts.

The ZSE Top Ten Index gained 1.38% to 1,000.36pts breaching the 1000pts mark. The Mining Index grew 0.77% to 3,430.75pts buoyed by Bindura which added 0.96% to end at $3.5000.

Dairibord and Axia topped the gainers’ list after the duo garnered a similar 12.50% to settle at respective prices of $9.0000 and $4.5000.

Conglomerate Innscor jumped 9.15% to $26.7349 as packaging group Nampak advanced 7.85% ton$0.8000 post the release of its trading update.

Brick manufacturer Willdale completed the top five winners of the day after expanding 6.01% to $0.2364.

Losses were seen in banking group First Capital which let go 4.53% to trade at $0.5034 while, life assurer Fidelity also shed 3.45% to end pegged at $1.4000.

Ariston lost 2.09% to $1.2963 reversing previous day gains while, fast foods group Simbisa let go 1.19% to $6.3347.

Cassava wrapped the top five fallers of the day on a 0.41% slide to $3.8399.

The market registered a positive breadth of eight as seventeen counters gained against nine losers while, five remained unchanged.

Volume of shares traded slipped 3.53% to 32.08m, yielding a turnover of $55.05m which was an 87.39% dip from prior session.

Turnall and Star Africa anchored the volume aggregate as the pair accounted for 48.08% and 28.68% respectively.

The top value drivers were Econet (27.67%), Simbisa (17.30%), Turnall (16.04%), SeedCo Limited (11.75%) and Innscor (10.19%). -EFE Securities