• Tue. Jul 16th, 2024

Equities extends losing streak as index dips by 1.37%

ByEconomic Times

Jan 18, 2023

By ETimes

Equities extends losing streak as index dips by 1.37%

For the second consecutive session, trading activities on the floor of the Zimbabwe Stock Exchange (ZSE) ended bearish on Tuesday.

At close of trade, the mainstream ZSE All Share Index was off 1.37% to close at 21,675.81 points.

Sentiment, as measured by market breadth, was positive, as 13 stocks gained, relative to 12 laggards.

The Top 10 Index suffered the most as it plunged 2.11% to close at 13,476.05 points. Retail giant OK Zimbabwe fell 8.11% to end at $40.19 and had the highest traded value of $37.74 million. Econet was 6.96% lower at $120.50.

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The Medium Cap Index gained 0.55% to settle at 42,926.56 points. ZHL appreciated by 13.33% to close at $6.80. Starafrica climbed by 5.86% to finish at $2.22. SeedCo Limited was up by 5.20% to close at $99.99.

FML topped the losers’ chart, declining by 12% to close at $22.00. Mash Holdings shed 5.27% to end trading at $8.52. Brick maker Willdale closed at $3.70, going down by 3.88%.

The Small Cap Index gained the most, going up 2.65% to close at 469,262.73 points. Zimpapers led gainers, appreciating by 14.94% to close at $3.19. Turnall grew by 4.63% to end trade at $4.24.

Turnover declined from yesterday’s $226.77 million to $142.11 million in 234 deals.

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The market cap fell by $36.1 billion to $2.32 trillion.

Old Mutual ZSE Top 10 lost $0.0177 to $7.4823 whilst Morgan & Co Multi Sector ETF and Morgan & Co Made In Zimbabwe ETF remained flat at $22.8805 and $1.3000 respectively.

Datvest Modified Consumer Staples ETF increased by $0.0100 to $1.5800 and Cass Saddle Agriculture ETF added $0.1198 to $1.9700.

Tigere REIT shed $3.0000 to close at $50.0000 ‘ Harare

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