• Mon. Apr 15th, 2024

Equities close Friday positive, gains $45.47bn

ByEconomic Times

Mar 11, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) extended the bullish run for the fourth consecutive session as the market capitalization appreciated by $45.47 billion.

At the close of business, the ZSE All Share Index rose by 1.97% to close at 30,049.98 points. Also, investors gained $45.47 billion in value as the market capitalisation went up to $2.6 trillion.

A positive breadth was recorded, as 14 gainers emerged against 9 losers.

The Top 10 Index gained the most, up 2.17% to close at 17,359.67 points. Beverage maker Delta was up 5.11% to end at $558.39.

EcoCash topped the losers’ table, declining by 1.20% to close at $65.07.

The Medium Cap Index gained 0.99% to finish at 65,938.99 points.

TSL led the gainers’ table, up 13.91% to close at $74.05. Mash Holdings gained 10% to close at $11.00, ZHL up 5.18% to close at $11.51 and ART leapt to $22.75 and notched 3.44% gain in the process.

On the flip side, African Sun eased 1.12% to finish at $90.96. Nampak dropped by 1.07% to close at $26.01. Horticulture exporter Ariston dipped to $11.36, recording a 0.81% loss. ZBFH lost 0.67% to close at $118.00 and completed the top 5 losers set.

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At the end of trading, 2.75 million volume of shares exchanged hands in 146 deals valued at $519.77 million. Transactions in Delta topped the activity chart with 563,900 shares valued at $314.87 million.

Datvest Modified Consumer Staples ETF added $0.0994 to $2.0981 while Morgan & Co Made In Zimbabwe ETF added $0.0136 to $1.4336. Morgan & Co Multi Sector ETF increased by $0.0136 to $22.0000.

Cass Saddle Agriculture ETF remained flat at $2.0882.

Old Mutual ZSE Top 10 shed $0.0126 to close at $7.8505.

Tigere Reit gained $5.6200 to $50.6200.

On the VFEX, BNC garnered 0.50% to close at US$0.0201 while Simbisa climbed by 1.50% to finish at US$0.4263.

In the red was Axia and Innscor Africa Limited which fell 0.28% and 0.18% to end at US$0.1382 and US$0.6992 respectively – Harare

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