• Fri. Apr 19th, 2024

Equities extends losing streak, down $40.04 billion

By Stephen Chandisareva

HARARE – The Zimbabwe Stock Exchange (ZSE) on Tuesday extended its negative sentiment, dropping by $40.04 billion in market capitalisation to $41.10 trillion.
Market breadth, which is the measure of investors’ sentiment, was negative, resulting in 13 losers and 6 gainers.
The mainstream ZSE All Share Index lost 0.44% to close at 518,819.44 points. Losses in BAT, EcoCash and Delta dragged down the Top 10 Index as it retreated by 0.36% to close at 231,637.87 points.
The Medium Cap Index suffered the most, down 0.51% to close at 2,105,547.20 points. However, the Small Cap Index was flat at 12,626,424.35 points.

Turnover declined by 36.26% to $1.79 billion from $2.81 billion, mainly coming from Delta at $807.45 million, SeedCo Limited $426.74 million and Econet $270.91 million.
Old Mutual Top 10 ETF eased $8.9726 to close at $81.0342. Morgan & Co Made In Zimbabwe retreated by $1.5000 closing at $19.5000.
Datvest Modified Consumer Staples ETF was up by $0.0114 to $19.5000.
Morgan & Co Multi Sector ETF remained flat at $701.5000 while Cass Saddle Agriculture ETF added $0.9192 to $8.5000.
Revitus Property Opportunities was flat at $552.1053 while Tigere Real Estate Investment Trust added $3.0993 to close at $632.0493.
On the VFEX, African Sun topped the gainers pack, up 6.66% to end at US$0.0320. First Capital Bank gained 2.04% to finish at US$0.0200. Innscor Africa Limited added 0.11% to US$0.4500.
On the other hand, SeedCo International shed 3.28% to US$0.2800, Simbisa fell 1.73% to close at US$0.3450 and National Foods eased 1.39% to US$1.4519.

By ETimes

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