• Tue. Jul 16th, 2024

Bulls persist as equity investors earn over $20bn

ByEconomic Times

Mar 31, 2023

By ETimes

The Zimbabwe Stock Exchange extended bullishness on three consecutive trading sessions as more highly-capitalised stocks appreciated in price, resulting in a further rise in the ZSE All-Share Index by 0.64%.

Market breadth, which measures the extent of investors’ sentiment towards trade, was positive as 14 gainers were reported compared to 8 losers.

At the close of transactions yesterday, the ZSE grew by 241.13 points, representing a growth of 0.64% to close at 37,962.05 points, while market capitalisation gained $20.91 billion to close at $3.31 trillion.

A total of 2.62 million shares valued at $415.96 million were exchanged in 149 deals. Starafrica led the volume chart with 1.28 million units while Delta led the value chart with deals worth $180.53 million.

BAT emerged as the top gainer, while Tanganda emerged as top loser.

The Top 10 Index gained the most, up 0.99% to close at 22,543.87 points.

The Medium Cap Index was however down 0.55% to close at  75,726.76 points.

Morgan & Co Multi Sector ETF traded $2.3604 higher at $30.9500.

Cass Saddle Agriculture ETF and Datvest Modified Consumer Staples ETF remained unchanged at $2.1000 and $1.8600 respectively.

Morgan & Co Made In Zimbabwe ETF lost $0.0800 to $1.9200 and Old Mutual ZSE Top 10 fell by $0.8925 to $10.0075.

Tigere RIET increased by $0.0472 to close at $50.0472.

On the VFEX, Simbisa rose 5.70% to settle at US$0.4228 while SeedCo International added 0.15% to end at US$0.2615.

Losses were recorded at Innscor Africa Limited and Axia lost 10.91% and 2.04% to close at US$0.6504 and US$0.1150 respectively – Harare


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