The Zimbabwe Stock Exchange (ZSE)’s Monday’s trading session was bullish on the back of significant movement in Cassava Smartech – a separately listed subsidiary of telecoms giant Econet Wireless Zimbabwe – with around $1 million worth of its shares exchanging hands.
The technology-focused firm gained 1,02 percent to close at $1.54 after 711 000 shares exchanged hands helping push both value and volumes for the day.
Giant insurer Old Mutual, Axia, Econet and OK Zimbabwe made up the balance of the top five value drivers in Monday trades.
Overall, a positive sentiment prevailed with three of the benchmark indices closing in the black.
The local bourse’s linchpin All-Share Index added 0,2 percent to close at 158,54 points while the ZSE Top 10 rose by 0,05 percent to 159,51 points.
The Industrials Index increased 0,2 percent to 529,29 points.
The Mining Index remained flat at 212,19 points.
Brick-maker, Willdale, led the risers for the day with a 20 percent jump to 1,2 cents while FMP put on 14, 29 percent to 8 cents.
Masimba ticked 11,11 to 9 cents.
At 3,5 cents, Mashonaland Holdings was 9,37 percent above previous session.
Hospitality group, African Sun capped the top five risers after increasing 8,47 percent to 12,04 cents.
Other gains were recorded in Rainbow Tourism Group that added 1,26 percent to 2,42
cents while Old Mutual inched up 0,52 percent to $9,05.
On the downside, the market’s heavyweights Econet, Axia Corporation and Delta retreated 1,51 percent
to $1,52, 1,04 percent to 43 cents and 0,01 percent to $3,15 respectively.