Bears dominated trades on the Zimbabwe Stock Exchange (ZSE) as losses persisted last week led by big caps.
During the week to Wednesday, all benchmark indicators closed in the negative with the primary indicator the ZSE All Share Index retreating by 12 percent to close pegged at 20 986 points.
The ZSE Top 10 Index gave up 14 percent to settle at 13 494 points, while the ZSE Top 15 Index eased 14,2 percent to close pegged at 14 948 points on weak demand.
At 37 572 points, the Medium Cap was 9 percent below prior week while the Small Cap was also in the negative with a 11 percent decline to 514 446 points.
Total market value eased 13 percent to $2,6 billion as over $300 billion was wiped off the market.
Nampak led the week’s laggards with a 28 percent decline to $15,85 followed by sugar processor Hippo, which went down 27 percent to $340,17.
At $178, diversified hospitality group, Meikles was 25 percent below prior week level.
Resources group, RioZim also eased by 25 percent to $111,26 from$150 recorded in the prior week.
Insurance giant, FML also lost 25 percent to close the week at $16,17 as it wrapped the top five fallers.
Other losses were seen in conveyor belts maker, GB Holdings, which eased 18 percent to $1,79 as the firm indicated it recorded a solid performance for the first quarter to March 31, 2022 despite a challenging business environment, on the back of carried forward stocks and orders from prior year.
At 307 tonnes volumes for the period were 48 percent above same period prior year’s volumes 207 tonnes.
Also on the downside, Afdis eased by 10 percent to $330 as the wines and spirits maker reported revenue for the year to March 31, 2022 rose 81 percent to $8,7 billion compared to $4,8 billion recorded in the nine months to March 31 in the prior year on solid demand.
Further losses were offset by gains in diversified agri-concern CFI which rose 14 percent to $264 from $230 in the prior week.
Hospitality group African Sun added 8 percent to $13,05 as it reported a 242 percent surge in revenue for the first quarter to March 31, 2022. The hospitality segment contributed 94 percent to total revenue, whilst the real estate segment contributed the balance of 6 percent.
Hotel revenue increased by 221 percent, largely driven by conference business during the period.
At $20, Fidelity Life was 8 percent above prior week level while peers, ZHL rose 5 percent to $5,55.
Dairibord completed the top five risers for the week with a 4 percent increase to $52,16.
BAT and Cafca remained flat at $3 360 and $260 respectively. Natfoods and Unifreight also maintained prior week levels of $2 200 and $35 respectively.
The ETFs traded mixed as the Datvest ETF advanced 8 percent to $2,09 while the Morgan and Co ETF went up 8,36 percent to $25,00. Contrastingly, Old Mutual ETF eased 0,61 percent to $9,24.
Elsewhere on the VFEX, Bindura jumped 6,74 percent to trade at USS4,91 cents as 1 932 shares exchanged hands.