• Tue. Apr 23rd, 2024

Delta, Innscor, Hippo lift ZSE at week’s close

ByEconomic Times

Oct 17, 2022

By ETimes

Delta led the Zimbabwe Stock Exchange risers on Friday as the stock market closed the week in the positive ahead of the third quarter earnings season.

The market breadth was positive after 18 stocks rose and only 11 stocks were in the red.

At close, the beverage maker was up 6.80% to close at $226.96, leaving its year-to-date gain at 39.65%. The market’s performance indicator – the ZSE All Share Index put on 1.77% to close at 13,831.97 points.

Consequently, the Top 10 Index was up 1.74% to 8,168.97 points with gains in Delta, Innscor and Hippo. Innscor rose 3.25% to $281.02. Hippo added 3.01% to $207.00.

On the flip side, Econet eased 0.60% to end at $48.16 and was the biggest contributor to trading value at $88.72 million.

Mid-tier Axia stock was 4.56% higher to $58.03 while Starafrica gained 2.56% to finish at $1.65.

ART led the fallers as its share price dipped by 12.18% to close at $17.56. FML fell 3.15% to $25.86. First Capital Bank plunged 3.12% to $9.68 and hotelier African Sun lost 3.10% to settle at $16.95.

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Other losses were recorded in NTS, which depreciated by 7.69% to close at $12.00.

Turnover declined by 52% to $197.08 million.

Market capitalisation increased by 1.71% to $1.7 trillion.

On the derivatives market, the Datvest ETF and OML ETF gained 0.01% and 0.15% to close at $1.7102 and $5.2079. Other ETFs were virtually flat – Harare

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