- Gains were skewed towards market heavies
- Penny stocks closed in red
- BAT emerged the best performer
Harare - The local bourse extended the prior session gains by a marginal 0.02% to 6,895.66 points on Thursday trades reversing the negative start in early week as recovery sets in driven by gains skewed towards the market heavies, increasing year to date returns to 161.56%.
The top 10 and top 15 indices as captured by the ZSE Index inched 0.38% and 0.46% while the penny stocks continued with the downward trend amid continued market correction.
Local cigarette maker, BAT led the risers by 19.96% to $1,094,00 followed by Zimre Holdings which inched up 7.18% to settle at $3.7668.
Masimba Holdings kicked the third sport on increasing 2.74% to $40.0198. The Group registered a 58% revenue growth for the half year ended 30 June 2021 driven by a firm order book in mining, infrastructure and road segments.
Meanwhile, beverages maker, Delta Corporation and the diversified group, Meikles Limited went up by 2.43% and 2.04% to close at $89.5816 and $94.6010 respectively.
However, trading in the downside was First Mutual Holdings, which emerged the worst performer and Dairibord Zimbabwe which slumped by -18.52% and -9.20% to settle at $22.0000 and $35.3548. Dairibord has extended its losing streak to four straight sessions.
Sugar producer, Star Africa declined for a third session by 8.40% to $1.6365 while banking counter, NMB went down by 6.67% to settle at $14.0000. Star Africa Corporation traded a whopping 2.8 billion shares in the prior session, valued at ZWL4.9 billion at the closing price of the session.
Manufacturer and distributor of health pharmaceutical products MedTech Holdings capped the top five laggards on decreasing -3.55% to end at $0.2283.
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