by Staff Writer

HARARE – Today the local stock market closed in the positive albeit on marginal gains for the first time in 9 sessions. The All Share Index gained 0.47% on Monday to 1,643.46 on the back of gains in the Top 10 and Medium Cap index gains.

Zimre Properties gained 10.67% to 70.00c as it led the gainers in the day. ZB Holdings added 9.52% to 1,533.33c as OK Zim gained 9.45% to 454.20c.

Innscor put on 3.69% to 1,775.94c after Hippo Valley which is exceeding it’s yearly exports by 50% was up 3.45% to 1,500c.

The medium cap index gained 0.22% to 3,117.82 as the small cap index was down 0.42% to 5,783.25.

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On the fallers, First Capital Bank slipped 9.82% to 65.26c and Ariston was down 7.14% to 130.00c. Another financial stock NMB closed 6.25% weaker to 300.00c. Turnall which has changed its managing director was down 6.25% to 60.00c and Masimba closed 2.82% weaker at 216.41c.

Total value of stocks traded was $15.7 million as foreigners traded $7.5 million with Delta $4.87 million, Econet $4.58m and Padenga $1.27 million were the ones with the most turnover.

The market is suffering from a shortage of liquidity as the RBZ has gripped Reserve Money under a cap.

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