By Staff Reporter

HARARE – The stock market continues to trade in the negative with low turnover. The Small Cap Index was the only index to record gains in the day as it was up 1.08% to 47,589.82.

Small Cap stock NTS rose 4% to $10.4000. In the red was Medtech which plunged 3.97% to $0.1113.

All Share Index slipped a further 1.18% to 4,196.37, led by a loss of 1.77% to 2,411.78 in the Top 10 Index and a marginal 0.37% to 10,090.20.

Mid-tier stock Zimplow led the risers with 5.88% to $7.0000. Hotelier African Sun added 5.86% to $2.3792. Mash Holdings and Zb gained 2.55% and 2.50% to $1.7952 and $37.9250 respectively. 

Milk processor Dairibord was the biggest faller with 14.10% to $10.3083. ART followed, slumping 8.80% to $5.0160. Clothing retailer Edgars eased 6.53% to $2.8041. Meikles was down 4.33% to $41.0938.

FBC, which deferred the publication of its audited financial statements for the year ended 31 December 2020 from the regulatory deadline of 31 March 2021 to a date not later than 30 April 2021, lost 2% to $24.9667. In a notice the bank said the deferment is due to non-completion of the audit assurance process as a result of sub-optimal working arrangements arising from the implementation of lockdown rules as one of the strategies to contain the spread of the Covd-19 pandemic.

Among the heavyweights, CBZ was the only gainer with a marginal 0.3% to $74.8384. The gains were offset by losses in Delta, Econet and Innscor which eased 3.89%, 3.86% and 1.57% to $41.3123, 18.9162 and 59.8774 in that order. Fintech giant Cassava lost 1.53% to settle at $12.8000.

Turnover increased by 5.82% to ZWL$179.16 from ZWL$169.3 yesterday and was sustained by heavyweights. Delta contributed ZWL$55.39 million followed by Innscor at ZWL$71.64 million and OK Zimbabwe at ZWL$15.29 million.

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