• Nampak share rose by 8.29% while FML by 8% on trading 1 400 shares
  • The bourse edged mild 0.03% gains to 11.459.10 points
  • Meikles recorded a 23rd straight session gain

Harare - Paper and plastic manufacturer, Nampak and the financial stock, First Mutual Holdings Limited displayed solid performance on the ZSE market yesterday to end the three consecutive blood-bath sessions that featured the local bourse as profit taking heightened. The sell-offs saw the market pilling off 7%.

Nampak share rose by 8.29% to close firmer at $12.9946 while First Mutual Holdings Limited traded 1.400 shares valued at $27.0000, marking an 8% increase. Both counters contributed 16.29% to emerge as the top risers.

As a result, the local bourse recorded a mild recovery of 0.03% to 11,459.10 points. The magnitude of gains were too shallow due to a continued recession in market heavies. Gains in the session were therefore driven by penny stocks and medium caps.

Meanwhile, sugar producer, Hippo Valley partially countered its prior session loss on gaining 7.14% to close at $300.0000, trailed by Meikles which went up for a 23rd consecutive session by a further 4.52% to settle at a record high of $200.4346.

Zimre Holdings capped the top five risers on scaling up 4.03% to settle at $3.7868.

On the downside, Mashonaland Holdings came out as the worst performer on plunging 12.13% to end at $3.5150, followed by Medtech which reversed its prior session gains on dwindling 8.8% to $0.2000.

Art Holdings Limited was lower at $10.0007 after falling by 4.76% while tech firm, Cassava Smartech extended its losing streak to three straight sessions on dipping 4.37% to close at $43.2911. The firm reported a poor revenue and profit performance in its FY21 financial results.

Spirits maker, AFDIS shed off -4.18% to cap the top five laggards at $100.0000.

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