Mixed Outcomes as ZSE Q2 Trading Kicks-Off

Author Name
Rugare Mukanganga
Stock Market 6 months ago

On the 2nd day of 2020 Q2 trading, predominantly single digit share price gains and losses were recorded. 

Extending 1 April's losses were crocodile and mining specialists Padenga Holdings with a 9.32% price drop, closely followed by retailer Edgars with a 9.18% fall. Brick manufacturer Willdale also ended the day in red following their 6.78% share price loss, while telecommunications powerhouse Econet traded unfavourably with a 5% fall in price. Capping the top five losses was Daribord. The dairy giant ended the day with a 4.75% price drop on the same day of its introduction to the ZSE Top 25 Index.


Three counters from the ZSE Top Medium Cap Index traded favourably, with marginal gains recorded on the week's opening day of trading. Industrials manufacturer Genaral Beltings gained 9.04%, followed by Masimba with an 8.3% snag in share price. Property developer Mashonaland Holdings also recorded posotive movement with a 6.6% growth in their share price. Paper product & stationery producer Art Holdings' share price nudged upwards by 2.9%, while Chiredzi-based sugar producer Hippo Valley topped off the price rise list with a 2.5% improvement at the end of trading. 


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