ZSE retreats further…

The ZSE retreated further in Thursday’s session with the mainstream All Share Index closing lower at 1,565.90pts after shedding 0.52% while, the Industrial Index went down 0.53% to close at 5,193.48pts.

The blue chips lost 0.70% to end at 1,007.94pts while, the Mining Index let go 0.01% to 2,975.40pts.

Risers of the day outnumbered fallers by a count of four to register a positive market breadth. Banking group NMB dipped 12.53% to $2.1004 while, insurance group FML tumbled 11.53% to settle at $4.2000.

Powerspeed slipped 8.02% to $1.9019 reversing previous day gains while, apparel retailer Edgars trimmed 4.70% to $0.9530. Top capitalised stock Delta dropped 4.61% to end at a vwap of $17.3989.

Gainers of the day were headlined by Unifreight which surged 19.69% to $0.1550, trailed by construction concern Masimba that jumped 17.16% to $4.2116. Star Africa put on 7.05% to $0.2914 while, First Capital added 5.12% to close at 0.6205.

Property concern FMP capped the top five winners of the day on a 4.76% lift to $2.2000. Activity aggregates continued to weaken as volumes traded declined 78.69% to 3.84m while, value outturn succumbed 73.74% to $22.44m.

Econet and Masimba were the top volume drivers of the day with respective contributions of 32.96% and 30.46% of the total. Top value drivers were Econet, Delta, Masimba and Innscor which claimed a combined 91.96% of the outturn.

Local purchases accounted for 76.88% of the outturn while, sales claimed 72.01% of the same.

Elsewhere, Meikles released its HY21 results in which a PAT of $189.34m was reported and an interim dividend of $0.4250 was declared. efesecurities