More

    March delight for heavyweights on ZSE, ETFs mixed

    By ETimes

    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

    Advertisement

    Latest articles

    Smart CCTV networks are driving an AI-powered apartheid in South Africa

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Apple may be making major changes to some of its iPhone sizes next year

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Elon says 250,000 people have already preordered Tesla’s new Cybertruck

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Artists used deepfake tech to tell alternate moon landing history

    Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic...

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here