Foreigners dominated both the purchase and sell side turnover with attributable portions estimated at 69 percent and 61 percent, respectively, to remain in a net inflow position for the day of $318 298.
The value of trades fell 43,8 percent to $4 million in a session which unlike recorded normal trades only without any Special Bargains.
The counter choice by value traded was telecommunications giant Econet Wireless Holdings Limited (Econet) that had the larger chunk of the turnover with about 52,5 percent being the estimated turnover after 444 013 shares traded at a stable price of 472c.
Notable values were also traded in Dairibord Holdings Zimbabwe Limited (DHZL), Fidelity Insurance Limitand SeedCo which accounted for 13.5%, 5.5% and 5.3% of the value traded.
Thirty one stocks amongst the industrials were active today with only nineteen recording price changes dominated by fallers whose count stood at thirteen against only six risers.
Leading the market retreat were the duo of food processing and packaging group Cairns and Financial services group Interfin that both came off by an identical -16.7% to 1.5c and 10c respectively.
Farming implements manufacturers Zimplow followed shedding -9.9% to 9.01c whilst tourism group that dominated yesterday’s trades with two special bargains that saw almost 15% of the issued shares in the stock being transferred dropped 8% today to trade at 2.3c.
Life assurer Fidelity whose price performance hit a purple patch in recent weeks to a top price of 20c is looking like its slowly losing its glitter dropping -5.56% to 17c.
Mitigating the losses were gains in Afre that seems to be settling in the aftermath of shareholder upheavals following problems at Renaissance Merchant Bank. Today the stock put on 25% to 4c. Turnall and Dairibord hit top prices of 14c and 30c after gaining 7.7% and 3.1% respectively.
The mining index recovered 0.69pts (0.43%) to close at 160.93pts after Falgold recouped 0.50c to 4c and Hwange was marginally up at 55.02c. Bindura and RioZim were steady at 7 cents and 110 cents.
Post published in: Business Analysis