• Sun. Apr 14th, 2024

Equities close Friday in red

ByEconomic Times

Oct 1, 2022

By ETimes

The Bears maintained control of activities on the local bourse to extend their negative outing into the second consecutive session. On Friday, the mainstream ZSE All Share Index dipped further by 1.11% to close at 14,771.65 points.

Market breadth, which gauges investors’ sentiment towards trade, closed in the negative as 16 decliners were recorded in contrast to 13 gainers.

Losses in Delta saw the Top 10 Index lose by 1.12% to close at 9,140.55 points. Beverage maker Delta was down 4.08% to finish at $248.73.

Conversely, cigarette manufacturer BAT rose 5.42% to settle at $3,140.00.

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Cement maker Lafarge gained 15% to become the best performing stock in the session, flanked by FML, Tanganda and FMP. From the rear of the chart, CFI, BFCA and Meikles. As a result, the Medium Cap Index lost 1.10% to close at 29,051.67 points.

The Small Cap Index retreated 0.48% to end at 483,615.64 points on Edgars, which fell 2.86% to $6.80.

The market cap fell by $21.91 billion to $1.81 trillion.Turnover declined from yesterday’s $443.63 million to $286.70 million. With regard to the value of traded stocks, Simbisa took the lead among the top five performers. It was flanked by Econet, CFI, OK Zimbabwe and CBZ.

On the derivatives market, the Cass Saddle Agric ETF rose 15% to close at $2.0700 while the Datvest ETF gained 10.51% to finish at $1.9886. The Morgan & Co Multi-Sector was up 5.56% to close at $28.5000.

Morgan & Co Made in Zim was flat at $1.3000.

On the flip side, the OM ZSE Top-10 ETF eased 0.03% to $5.1686-HARARE

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