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WANING demand in top capitalised stocks dragged down the Indices further in week ending session.
The primary All Share Index lost 0,10 percent to 118.25 pts while the Industrial Index closed at 394.79 pts after a 0,14 percent slump. The Top Ten Index succumbed 0,41 percent to end lower at 123.87 pts spurred by losses in heavies Delta, Innscor, Old Mutual, Padenga and BAT.
Eight counters closed in the red with Meikles in the lead after a 10,76 percent loss to $0,3302 followed by ART which shed 7,69 percent to settle at $0,0600. Banking group CBZ reversed yesterday’s gains after letting go 4,15 percent to $0,1246.
Delta and Innscor sealed the top five fallers’ list after dropping 1,32 percent and 0,78 percent to trade at $2,4399 and $1,4800 apiece on waning demand. Other notable fallers were Old Mutual, Padenga and BAT which plunged 0,67 percent, 0,05 percent and 0,02 percent respectively.
Twelve counters posted gains led by Proplastics which rose a remarkable 14,00 percent to close at $0,0969 trailed by African Sun with a 11,83 percent charge to $0,0671. The duo of FML and Dawn added 9,69 percent and 5,97 percent to end at $0,1800 and $0,0142 in that order. Axia completed the top five winners of the day with a 5,22 percent gain to $0,2683.
Resultantly, the market registered a positive breadth of four. Volume exchanged tripped 58,74 percent to 3,09m shares, yielding a value of $2,05m, which was 31,68 percent up from prior session.
The Top volume drivers for the day were Dawn (32,32 percent), ART (20,48 percent) and Econet (17,28 percent). Heavies Old Mutual and Econet claimed a combined 74,63 percent of total turnover. The Mining Index added 1,63 percent to 158.55 pts buoyed by RioZim and Bindura which extended 2,29 percent and 0,19 percent to $1,4321 and $0,0531 respectively.
Blessing Chizhande
Online Reporter