• Tue. Apr 23rd, 2024

Equities close green after 0.33% gain

ByEconomic Times

Apr 5, 2023

By ETimes

The Zimbabwe Stock Exchange closed Tuesday’s session in the positive despite uncertainties building up to the 2023 elections.

At the close of trading, the mainstream ZSE All Share Index was up 0.33% to close at 38,306.84 points.

Among the heavyweights, FBC was the biggest gainer with 3.09% to finish at $116.50. Econet gained 2.01% to close at $250.67 while CBZ rose 1.31% to finish at $178.20.

Resultantly, the Top 10 Index edged up 0.22% to end at 22,738.07 points.

On the downside was OK Zimbabwe, which fell 2.94% to finish at $65.01.

The Medium Cap Index garnered 0.68% to close at 76,743625 points. NMB was the best performer, up 15.00% to close at $60.95. Starafrica appreciated by 10.03% to close at $1.68. FML was 10% higher at $22.00. RTG added 3.70% to end at $14.00.

On the other side of the coin, Mash Holdings was the worst performer down 6.14% to end at $13.07. First Capital Bank lost 5.30% to close at $30.14. Hippo eased 0.96% to end at $620.00. Ariston depreciated by 0.52% to settle at $10.11.

The Small Cap Index was flat at 697,715.23 points despite Truworth’s gain of 9.56% to close at $2.70.

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Market capitalisation increased by $10.33 billion to $3.14 trillion.

Investors traded 5.21 million shares worth $1.12 billion in 246 deals, compared with 2.29 million shares worth $420.96 million transacted in 246 deals previously.

Econet led the volume chart with 2.42 million units and led the value chart with deals worth $608.16 million.

Morgan & Co Multi Sector ETF traded 4.58% higher at $31.00.

On the downside, Old Mutual ZSE Top 10 fell 0.06% to $9.4943. Datvest Modified Consumer Staples ETF declined by 0.54% to $1.8500.

Tigere was down 1.06% to close at $50.0854 points.

On the VFEX, SeedCo International gained 0.15% to close at US$0.2610. Losses were recorded in Axia which eased 4.54% to US$0.1050 while Simbisa was 0.07% lower at US$0.4197 – Harare

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