By ETimes
For the third consecutive session, the local bourse maintained the downward trend as the ZSE All Share Index closed 0.46% weaker to close at 13,184.23 on Thursday.
Market sentiment, as measured by the market breadth, closed negative with 16 stocks compared with 9 gainers.
The Top 10 Index gained 0.11% to 7,783.69 points on Hippo, which climbed 14.29% to finish at $240.00. Partially offsetting the gains was Axia which eased 6.01% to $46.03.
Cigarette manufacturer BAT, which recorded a net loss attributed to shareholders for the half year ended 30 June 2022 was $678.6 million relative to a net profit of $1.4 billion in the same period last year, did not trade.
Meikles led the losers’ chart in percentage terms, dropping 14.35% to close at $85.60. First Capital Bank followed with a loss of 12.36% to close at $7.53 while RTG shed 7.46% to end at $7.04.
SeedCo declined 4.19% to close at $70.89 and completed the top five loser set. Banking counter NMB did not trade. The company, in its half-year results, indicated that it has fully met the minimum regulatory capital requirement of an equivalent of US$30 million.
“Consequently, the Board has resolved to resume payment of dividends starting with an interim dividend of 45 cents per share payable in scrip or cash. A separate notice for dividend payment will be issued,” it said.
As a result, the Medium Cap Index retreated 1.68% to close at 28,827.10 points.
Conversely, property firm Mash Holdings rose 7.47% to close at $5.40. Dairibord garnered 4% to close at $20.00 while African Sun appreciated by 1.06% to end at $18.19.
The Small Cap Index was off 0.16% to close at 485,173.07 points. Other gains were recorded in GB Holdings, which climbed 3.81% to trade at $2.05.
The market capitalization declined 0.49% to $1.64 trillion. Turnover for the day was down 69.29% to $90.92 million.
On ETFs, the Cass Saddle Agric, Morgan & Co Made in Zim and Morgan & Co Multi-Sector were all flat. The OM ZSE Top-10 was up 0.19% to close at $5.6163.
On the downside, the Datvest eased 0.34% to end at $1.4502 – Harare