The Zimbabwe Stock Exchange shares halted a losing streak and closed Thursday in positive territory. Gains were restricted to mid-tier counters and some select heavyweight counters.
Trading activity remained subdued on weak investor sentiment at a time that most businesses are applying parallel market exchange rates, driving high and increasing prices in ZWL terms. With the official exchange rate around 86 ZWL/USD, parallel market rates are over 50 percent higher.
The ZSE All Share Index was 0.07% higher to 6,593.24pts. The ZSE Top 10 added 0.58% to 3,561.80pts. Innscor gained 11.49% to ZWL$100.9667 while retail giant OK Zimbabwe rose 2.73% to ZWL$15.8589.
Zeco, for a second day, led the risers, gaining 100% to 0.0012%.
The Small Cap Index retreated 0.20% to 225,141.31pts.
Topping the losers set was NTS which plunged 16.67% to ZWL$9.0000. Mash Holdings followed, slumping 10.71% to ZWL$2.6103. Milk processor Dairibord eased 8.65% to ZWL$31.9697. Brick maker Willdale lost 8.50% to ZWL$2.9068. Simbisa was 4.46% lower to ZWL$38.0671 and completed the top five losers set.
However, NMBZ and Ariston were up 7.69% and 3.03% to ZWL$15.0766 and ZWL$3.1000 respectively.
Turnover declined to ZWL$57.34 million after 2.74 million shares traded.-HARARE