ZSE opens week in marginal loss


*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank)

The local bourse opened the new week and month in losses albeit mild. The ZSE lost -0.03% to settle at 1476.41 stretching the  losing streak to 2 straight sessions. Despite choppy trading, the ZSE maintains a comfortable 542% year to date gains, largely accrued over the first 6 months period of the year. The ZSE performance has largely been informed by exchange rate dynamics. In recent weeks the exchange rate has performed relatively stable to other global currencies in formal trades.

An aggregate of 31 counters exchanged hands in the session with 9 of these weighing on the market. The real estate counter, Mashhold, performed the worst on easing -15.89% to close at 50.50c while the miner, RioZim, trailed on softening -12.82% to settle at 850c. A peer real estate stock, FMP, emerged 3rd worst performer upon slumping -4.35% to settle at 220c leaving the duo of African Sun and Cassava Smartech to cap the Top 5 laggards set at 156.93c and 385.64c after losing -3.72% and -3.59% apiece.

Contrary, 13 counters emerged risers, led by Hippo which gained 7.58% to close at 1500c. First Capital Bank closely trailed with 7.5% gains to settle at 53.75c. Truworths emerged 3rd best performer, notching 7.07%, to close at 16.50c. A miner, BNC, surged 2.99% to settle at 395c while Padenga capped the Top 5 risers pack at 1320c/share after notching 1.47%.

Total turnover plunged by -67% from prior record to $11.19 million while volumes relatively slumped by -65%. CBZ led turnover contribution at 58% of the total, trailed by ZBFH, Simbisa, Delta and Innscor respectively.

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