The year-to-date which once peaked, has narrowed down to 6,15 percent affected mostly by the 16,14 percent Year-To-Date loss in Econet Wireless Holdings Zimbabwe Limited (Econet).
Econet was, however, unchanged at 400c with a sizable parcel of 73 403 shares worth $293 612 while the bid and offers closed at 380c and 410c, respectively.
National Foods Limited which are expected to release its June finals on Thursday closed -2,26 percent lower at 91c albeit on thin volumes.
The worst performing counter of the day was Turnal Holdings Limited (Turnall) which slipped -16,67 percent to 10c as it closed with a distant bid at 8c as working capital cycle challenges weigh down its performance despite being profitable.
At its analyst briefing last week, the group reported negative cash flow from operations and highlighted that they are having to grapple with challenges to do with longer working capital cycle caused by the use of short-term money to finance the importation of their main raw materials, chrysotile asbestos.
There was an improvement in trading as volumes traded soared to 23 million from 37 active stocks while value traded jumped to $1,7 million.
Short-term Insurer, Nicoz Diamond Limited and clothing retailer, Truworths Limited were the favorite counters of the day as they boosted both value traded and volumes.
Truworths added +10 percent to 11c in normal trades while a special bargain of 4 million units also went through the market at 11,60c in trades worth $464 000; Nicoz Diamond’s price topped 3c with 12 million shares exchanging hands.
Other notable gains were seen in Innscor Corporation Limited which put on +2,34 percent to 65,50c ahead of results presentation this Thursday.
CBZ Financial Holdings Limited (CBZ) continues on its recovery path on firm demand after impressive results as it closed +2,63 percent firmer at 15,60c.
A 5,57 percent recovery in Rio Zimbabwe Limited (RioZim) to 95,01c, saw the ZSE's Mining Index put on +1,11 percent to 160.64 points while all other mining stocks recorded no trades.
Post published in: Business