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Overal, 17 counters traded in the negative against six gains. The worst performing counter was pharmaceutical group Caps Holdings Limited (CAPS), which lost -30 percent to close at 0,35c as investors seek to reduce exposure to the counter after shareholders approved that the counter be delisted with effect from September 30 at an Extraordinary General Meeting (EGM).
Total market turnover declined -41 percent but remained above the million market at $1,2 million after a -60 percent decline in total volumes at 6,7 million shares.
The favorite counter of the day was AICO Limited (AICO)where foreign investors snapped 2,2 million shares at a stable price of 24c in trades worth $527 313.
Foreign investors dominated purchases t accounting for 66 percent of total turnover with significant appetite in SeedCo Limited (SeedCo) and parent AICO.
Foreign sales amounted to $333,194.
Most heavyweight counters traded in the negative with SeedCo softening -2,1c to 123c, Econet Wireless Holdings Limited (Econet) was -1,6c lower at 471,4c, Delta Corporation Limited (Delta) slipped -1c at 79c while Pretoria Portland Cement (PPC) eased -9c to 331c.
Other notable losses were in Meikles Africa Limited (MAL) down -1,1c at 32,4c and Murray & Roberts (Zimbabwe) Limited (M&R) which pared -1c at 15c.
The best performing counter was hospitality group Rainbow Tourism Gfroup (RTG) which put on an impressive +39,83 percent at 3,3c followed by Ariston Holdings Limited (Ariston) which put on +33 percent to close at 2c.
Mining firm Bindura Nickel Corporation Limited (Bindura) was the most actively traded counter in the resources sector after 146 637 shares exchanged hands at a stable price of 7c. Falgold lost -14.29 percent at 3c while Rio Zimbabwe Limited (RioZim)was bid lower at 115c though no trades were recorded.
Post published in: Business