Cassava leads ZSE’s value drivers

29 Jan, 2019 - 19:01 0 Views
Cassava leads ZSE’s value drivers

eBusiness Weekly

Enacy Mapakame BH24 Reporter

Zimbabwe Stock Exchange (ZSE)’s latest listing, Cassava led the market’s value drivers in Monday’s trading session after $1 million worth of its shares exchanged hands.

Cassava gained 1,02 percent to close pegged at $1.54 after 711 000 shares exchanged hands helping push both value and volumes for the day. Old Mutual, Axia, Econet and OK Zimbabwe were among the top five value drivers.

Overall, a positive sentiment prevailed with three of the benchmark indices closing in the black. The ZSE All Share Index added 0,2 percent to close at 158,54 points while the ZSE Top 10 rose by 0,05 percent to 159,51 points.

The Industrials Index increased 0,2 percent to 529,29 points. The Mining Index remained flat at 212,19 points.

Brick making firm, Willdale, headlined risers for the day with a 20 percent jump to 1,2 cents while FMP put on 14, 29 percent to 8 cents.

Masimba ticked 11,11 to 9 cents. At 3,5 cents, Mashonaland Holdings was 9,37 percent above previous session.

Hospitality group, African Sun capped the top five risers after increasing 8,47 percent to 12,04 cents.

Other gains were recorded in Rainbow Tourism Group that added 1,26 percent to 2,42 cents while Old Mutual inched up 0,52 percent to $9,05.

On the downside, the market’s heavies Econet, Axia and Delta retreated 1,51 percent to $1,52, 1,04 percent to 43 cents and 0,01 percent to $3,15 respectively.

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