Transactions on the trading floor of the local bourse ended in the green zone on Thursday, extending the northward movement to the second straight day.
The stock market finished 4.60% higher today, leaving its year to date gain at 8.42%. Sentiment, as measured by market breadth, was positive, as 21 stocks gained, relative to 12 losers.
Thursday’s positive performance at the market was largely influenced by gains recorded by milk processor Dairibord which added 19.76% to ZWL$37.12. Banking counter NMB appreciated by 15.24% to ZWL$15.00. Also conglomerate CFI was up 13.27% to ZWL$102.00. As a result, the Medium Cap Index recovered 2.11% to 21,131.63 points.
Partially offsetting the gains were GetBucks and Edgars which fell 6.49% and 2.84% to end at ZWL$5.23 and ZWL$4.85 respectively.
Gains in Innscor and Delta saw the Top 10 Index rising 5.57% to 7,523.41 points. Innscor gained 13.92% to ZWL$211.85. Beverage maker Delta was 10.05% higher to ZWL$189.75.
Topping the losers set was clothing retailer Truworths which plunged 8.69% to settle at ZWL$2.10. GB Holdings followed, slumping 4.14% to ZWL$2.08. Medtech depreciated 2.62% to close at ZWL$22.54 and completed the top five losers set.
Market capitalization rose 4.78% to ZWL$1.42 trillion. Value of shares transacted by investors declined 52.17% to ZWL$320.24 million.
Big caps were the toast of investors on the trading floor of ZSE with Innscor emerging the most active stock after the day’s activities, trading 356 000 shares worth ZWL$75.42 million. It was trailed by Delta which exchanged 334 500 shares worth ZWL$63.47 million. Econet traded 603 200 shares valued at ZWL$56 18 million.
On the ETF side, the Top-10 rose 0.30% while Multi-Sector gained 17.90% – HARARE