• Fri. Apr 19th, 2024

Equites end higher as ZWL tumbles

By ETimes

HARARE – The Zimbabwe Stock Exchange (ZSE) extended gains on Thursday as the Zimbabwe dollar continued to depreciate against the greenback.
The mainstream ZSE All Share Index was up 3.84% to 569,457.44 points, as the local currency weakened nearly 18.09% to the US dollar since the start of the month.

Accordingly, the Top 10 Index was up 4% to 256,190.26 points, while market capitalisation increased by $1.93 trillion to $45.58 trillion.
Market breadth was positive, with 21 gainers emerging compared to 3 laggards.
The Medium Cap Index gained 2.42% to close at 2,214,853.91 points. The Small Cap Index was flat at 12,702,579.67 points.

Trade turnover was also 8.54% higher compared to Tuesday’s session. A total of 4.55 million shares, valued at $6.54 billion, were exchanged in 236 deals.
Old Mutual Top 10 ETF added $1.4687 to close at $92.0000 while Datvest Modified Consumer Staples ETF added $0.0410 to $19.9922.
Cass Saddle Agriculture ETF eased $0.5182 to $7.2818. Morgan & Co Made In Zimbabwe and Morgan & Co Multi Sector ETF remained flat at $19.2595 and $701.5500 respectively.
Revitus Property Opportunities was flat at $552.1100 while Tigere REIT added $24.5396 to close at $700.4296.
On the VFEX, African Sun gained the most, up 13.66% to US$0.0341. Padenga was 7.52% higher at US$0.1401. Simbisa added 0.29% to US$0.3442.
Axia was the worst performer, down 15.23% to US$0.0751. First Capital Bank eased 0.98% to US$0.0201. Innscor Africa Limited was off 0.15% to US$0.4403.

By ETimes

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