By ETimes

Big caps lift ZSE as First Capital Bank get nod to list on VFEX

The local bourse closed Thursday in the green lifted by gains in select heavy weight stocks and mid-tier caps. Accordingly, the ZSE all share index gained 4.47% to close at 44,952.21points as market capitalisation nears ZWL4 trillion.

The Top 10 Index gained the most after adding 6.12% to close at 26,357.02 points. The Top 15 Index trailed after gaining 5.13% to close at 31,036.65 points.

The Small Cap Index eked out 0.49% to close at 745,612.03 points. On the downside, the Medium cap Index shed 0.03% to end at 93,580.10 points.

CBZ led the gainers with 14.62% to close the session at $ZWL290.00. Farming and mining implements firm, Zimplow gained 13.89% to close at $41.00 after showing intentions of listing on VFEX. Fidelity and Econet gained 13.33% apiece to close at $34.00 and $329.76 respectively.  Meikles rounded off the gainers table after rising by 10.27% to close at $424.52.

In the negative, First Capital led the losers after falling by 14.15% to close at $31.70. At First Capital Bank’s EGM shareholders approved the delisting of the bank’s shares from ZSE to list on VFEX. Property firm, Mash Holding plunged 7.70% to close the session at $18.00. Sugar processor, Starafrica eased by 0.02% to close at $2.30. ZHL tumbled by 0.01% to close at $13.14.

Old Mutual ZSE Top 10 recovered $0.5406 to $9.2750 and Datvest Modified Consumer Staples ETF increased by $0.2085 to close at $1.9701. Morgan & Co Multi Sector ETF, Morgan & Co Made In Zimbabwe ETF and Cass Saddle Agriculture ETF remained flat at $30.1370, $2.0000 and $2.0500 respectively.

Tigere REIT ticked $0.0010 up to close at $50.4510 – Harare