Marginal gains continued on the Zimbabwe Stock Exchange, as the market begins the new month on a positive note. The market looks like it will be a positive one, with investors positioning themselves to benefit from the to-be-listed Datvest Modified Consumer Staples ETF.
The All-Share Index went up by a further 0.58 percent, thus adding 86.78 points to close at 15,077.20 points.
The Top 10 Index added a valuable 105.28 points to end the trading session above the psychological 10,000 points mark at 10,058.56 points representing a 1.49 percent gain. The gains were driven by a 6.49 percent gain in Innscor which left the consumer staple company trading at $17,3958.
Other notable gains came from Econet Wireless which recently saw its founding Chairman billionnaire Strive Masiyiwa retire from the board. The telecomms giant is riding on its 5G technology recently launched, as it gained $2.0437 to close the day at $138.5061.
Simbisa Brands gained 3.50 percent to $182.3976, as Delta chipped in with gains of $1.9150 to close the session at $231.9709.
Other sub-indices had a tough day which saw the Small Cap index retreat 0.49 percent to end the session at 404,554.64 points and the Mid Cap index lost a sizeable 0.84 percent to close at 24,361.37 points.
SeedCo lost $8.8908 to $194.9981 as it was among the losers along with Cassava Smartech which retreated by $1.9895 to $70.0456. Sugarcane farmer and refiner Hippo Valley Estates inched $1.0000 lower to $339.0000.
The ETFs had a mixed day as the Morgan & Co multi-sector ETF rose by $0.0580 to $14.4540 and Old Mutual ZSE Top 10 pulled $0.2749 back to $10.3960 – Harare