• Sun. Apr 14th, 2024

CBZ, Econet lift ZSE further high as bull run enters sixth day

ByEconomic Times

Mar 15, 2023

By ETimes

Amid uncertainties in the economy and now in election mode, the Zimbabwe Stock Exchange (ZSE) continued its bullish run for the sixth session, giving hope to patient investors who endured long periods of downturn.

The ZSE All Share Index, an indicator used to track the general market movement of all listed equities on ZSE, gained 2.85% to close at 30,905.71 points.

Investors’ wealth increased by $61.02 billion to $2.74 trillion.

The Top 10 Index gained the most, up 3.98% to close at 18,051.27 points. CBZ topped the gainers’ chart, appreciating by 14.24% to close at $160.90 while Econet rose 7.80% to end at $207.65.

Gains in Proplastics lifted the Medium Cap Index by a negligeable 0.02% to settle at 65,950.30 points. Proplastics garnered 1.59% to finish at $71.11.

On the flip side, Starafrica depreciated by 3.95% to end at $1.65. Ariston shed 1.78% to close at $11.00. African Sun fell 0.48% to close at $90.49. FMP eased 0.32% to finish at $15.45.

Truworths was the worst performing stock, declining by 14.91% to end at $2.38. The Small Cap Index was flat at 678,863.75 points.

Turnall and Fidelity however gained 5.96% and 3.44% to close at $8.00 and $30.00 in that order.

Market turnover declined 63.92% to $378.42 million from $1.04 billion. A total of 4.89 million shares, valued at $378.49 million, were traded in 164 deals.

Delta was the most active stock with 203 000 shares worth $121.99 million.

Advertisement

The Cass Saddle Agriculture ETF, Datvest Modified Consumer Staples ETF, Morgan & Co Made In Zimbabwe ETF and Morgan & Co Multi Sector ETF remained flat at $2.0900, $1.8500, $1.4300 and $22.0000 respectively.

Old Mutual ZSE Top 10 retreated by $0.0002 to $7.9100.

The VFEX All Share Index marginally increased by 0.03% to 98.2278 points. Padenga added 13.12% to US$0.2500.

In the red were Innscor Africa limited, Axia and SeedCo International which were down 3.38%, 2.17% and 0.18% to close at US$0.6745, US$0.1350 and US$0.2695 respectively.

Simbisa was off 0.06% to end at US$0.4297 – Harare

Leave a Reply

Your email address will not be published. Required fields are marked *