• Fri. Apr 19th, 2024

Equities drop further by 0.29%


Nov 14, 2023

By ETimes

HARARE – At the close of trading on Tuesday, the Zimbabwe Stock Exchange depreciated further by 0.29% as investors chose to take profit.

Consequently, the ZSE All-Share Index declined by 492.43 points to close at 171,750.98 points.

In tandem with the mainstream index, the market capitalisation decreased by $9.33 billion to $13.83 trillion.

Investors traded 8.44 million shares valued at $3.11 billion in 219 deals.

The Top 10 Index lost 0.61% to close at 74,788.91 points.

The Medium Cap Index was the only gainer, up 0.38% to end at 721,675.76 points.

As usual, the Small Cap Index was flat at 5,343,533.69 points.

Today’s performance comes as a number of listed equities published their quarterly results. Taking a look at the results, macroeconomic stability and tight policy were the key words.

ZB which eased 0.10% to $879.05 revealed that it “is committed to growing sustainable earnings and is confident that its diversified investments and strong Statement of Financial Position will help to achieve its set targets for the year”.

In its outlook, Turnall said: “Despite the hurdles experienced in the third quarter of 2023, the board and management remain focused on their strategies of re-capitalising the factories, enhancement of production efficiencies, cost containment and an improved product and service offering”.

Turnall share price was flat at $25.00.

Morgan & Co Made in Zimbabwe, Morgan & Co Multisector ETF, Datvest Modified Consumer Staples ETF and Cass Saddle Agriculture ETF were unchanged at $7.2000, $310.0000, $9.0000 and 7.500 respectively.

Old Mutual Top 10 ETF was $0.5500 up at $35.0000.

Tigere REIT recovered $1.786 to close at $254.8886.

By ETimes

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