CBZ drags ZSE shares lower in a lacklustre session. CBZ Holdings halted its winning streak on Thursday to drag equities lower in a subdued trading session.
Total trades were at 201 on turnover of $45.57 million after 7.98 million shares changed hands. Foreign participation remained skewed towards sellers at $12.74 million against buyers of $7.35 million. The market breadth was negative after decliners outpaced advancers by three.
Axia and ZB Financial Holdings led the turnover contributions at $10.29 million and $9.2 million respectively. Bindura was the worst performer losing 11.74% to 322.14c and CBZ fell 11.18% to 3 900.44c as the All Share Index dropped 2.23% to 1 482.47 reducing its year to date gains to 544.30%.
The Top 10 Index fell 3.07% to 958.17 with other losses, albeit marginally, seen in Econet, which shed 1.80% to 427.60c and Cassava down 0.07% to 423.18c.
Ariston shed 6.02% to 125c and Axia dropped 5.52% to 353.51c to send the Medium Cap Index 0.84% lower to 3 001.10. The losses were restricted by gains in Dairibord, which was the best performer of the day, after adding 6.51% to 900c.
The stock is currently trading under caution pending a merger and acquisition transaction with Dendairy through the issuance of additional shares to accommodate Dendairy shareholders. ZB put on a marginal 0.63% to 1 789.48c taking its year to date to 2 385.39%.
The Small Cap shed 0.33% to 6 122.67 after Truworths dropped 5.35% to 14.86c.
Source – H-Metro
In Other news – Married man and lover die on the spot in an accident, wife celebrates their death on WhatsApp: Pic
Married man and lover die on the spot in an accident, wife celebrates their death on WhatsApp: Pic. According to social media reports, the accident that took place over the weekend and claimed two lives on the spot was of an illicit affair.
This was further confirmed by the picture believed to have been posted by the wife of the man who was involved in the…Learn More.