• Sun. May 26th, 2024

Bears take charge as ZSE close in red

ByEconomic Times

Jul 14, 2023

By ETimes

The Zimbabwe Stock Exchange closed negative amidst thin buying interest as concerns over fundamentals, such as measures to deal with a slowing economy, are still haunting the market.

Foreigners continued to exit the market after they sold $3.09 million and purchased $634,340.

Bears dominated proceedings, driving down the broad market.

Market breadth closed negative as NMB led 15 laggards and 5 gainers, topped by Fidelity at the end of today’s session.

The ZSE All Share depreciated by 1.98% to close at 132,380.43 points, while market capitalisation declined 0.86% to $10,53 trillion.

In the same vein, the Top 10 lost 2.41% to close at 63,103.02 points.

The Medium Cap Index was down 0.18% to end at 461,086.05 while the Small Cap Index was flat at 2,160,142.99 points.

Turnover for the day rose 72.83% to $1.94 billion. Delta had the most value traded garnering $1.55 billion.

Morgan & Co Multi Sector ETF lost $31.1167 to end at $208.9319. Cass Saddle Agriculture ETF was $0.6681 weaker at $6.0333 and Old Mutual ZSE Top 10 lost $0.4674 to $34.0000.

Datvest Modified Consumer Staples ETF eased $0.2581 to $9.7419. Morgan & Co Made In Zimbabwe ETF was the only ETF trading in the positive as it added $0.6500 to $7.6500.

TIGERE REIT traded unchanged at $254.2812.

There was bloodshed on the VFEX, with First Capital Bank topping the losers set, down 8.16% to close at US$0.0180. Hotelier African Sun depreciated 4.24% to settle at US$0.0406. Innscor Africa Limited shed 0.02% to end at US$0.4499 – Harare


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