ZSE slips to another loss in midweek trades…

The market continued to weaken in mid-week trades as four benchmark indices in our review closed pointing southwards.

The mainstream All Share Index let go 1.67% to 1,574.03pts while, the Industrial Index went down 1.41% to 5,221.14pts.

The ZSE Top Ten Index shed 3.03% to 1,015.03pts while, the Mining Index succumbed 10.47% to 2,975.58pts weighed down by Bindura that dropped 12.79% to $3.0000.

Mash trimmed 8.32% to $0.5501 while, top capitalised stock Delta plunged 7.87% to settle at a vwap of $18.2389.

Property concern FMP shed 4.55% to $2.1000 while, SeedCo Limited retreated 4.48% to $17.9992 completing the top five fallers of the day.

Gainers of the day were headlined by construction group Masimba which garnered 19.92% to $3.5946.

Trailing was packaging group Nampak that jumped 14.14% to close at $1.0508 while, Star Africa followed on an 8.88% rise to $0.2722.

Powerspeed gained 8.83% to $2.0678 while, banking group First Capital capped the top five winners of the day after adding 7.33% to end pegged at $0.5903.

The market closed with a negative breadth of six as eighteen counters retreated against twelve that rose.

Volume of shares traded dipped 72.08% to 18.02m, yielding a turnover of $85.48m which was a 33.54% drop from prior session.

Top volume drivers of the day were FMP (23.75%), Econet (20.83%), Medtech (13.66%) and Mash (11.12%).

Anchoring the value aggregate were Innscor, Econet and FMP which claimed a combined 67.85% of the outturn.-efesecurities