*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank)
The local bourse maintained oscillatory movement as it struggles for direction amid shifting economic fundamentals. The economy is set to record one of its most conservative current account and external trade position since 2009. Austerity and currency depreciation have contributed to more favourable outturns in the 2 key aggregates. The benchmark ZSE ASI partially offset prior session losses on adding 0.38% to settle at 1502.72 . On the currency market, the Zimdollar lost by its widest margin in 10 weeks, this week. The unit lost 0.4% to the USD to widen its loss gap after weeks of resistance. Despite choppy trading, the ZSE maintains a comfortable 551% year to date gain largely accrued over the first 6 months period of the year.
Up from 23 in the prior, an aggregate of 31 counters exchanged hands in the session, with 12 emerging risers. AfDis led the pack on notching 11.77% to settle at 1900.01c. The trio of consumer staples, Innscor, OK Zim and Star Africa followed suit with each surging 7.32%, 6.5% and 5.26% to close at 2096.41c, 479.22c and Star Africa 20c. Edgars capped the Top 5 risers set at 94c upon gaining 4.44%.
A total of 14 counters partially weighed on the market, with BNC, performing the worst on slumping 8.91% to close at 346.13c ahead of its AGM. NMBZ trailed with a loss of -5.08% to settle at 270c while Axia shed off -2.52% to close at 384.85c. The duo of Masimba and Ariston capped the Top 5 laggards pack on dwindling -1.92% and -1.54% apiece to settle at 255c and 128c respectively.
Total turnover recovered by 186% from prior levels to $90 million while volumes relatively surged by 30%. Delta led turnover contribution at 47.5% dominance of the aggregate, trailed by AfDis, Econet, Meikles and ZBFH respectively.