• Mon. Mar 4th, 2024

Equities gain $43.47 billion as bull run enters second day

ByEconomic Times

Jan 5, 2023

By ETimes

The Zimbabwe Stock Exchange strengthened 1.79% on Wednesday, helped by select heavyweight stocks, as the bourse reported its second gain for the shortened week.

Accordingly, the mainstream ZSE All Share Index grew by 352.87 points to 20,088.04 points, while market capitalisation increased by $43.47 billion to $2.11 trillion from $2.07 trillion.

Gains in Econet saw the Top 10 Index rising the most, up 2.15% to close at 12,711.01 points. Econet added 7.94% to end at $104.48.

The Medium Cap Index gained 0.82% to close at 37,872.81 points.

Zimplow topped the gainers’ chart, appreciating by 14.30% to close at $19.43. Willdale went up by 10.02% to $2.03. Dairibord rose to $38.00, notching up 8.57% in the process. Meikles completed the top 5, climbing by 7.14% to $120.00.

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On the flipside, ART was the worst performing stock, declining by 12.50% to close at $14.00. Ariston shed 10.99% to close at $4.00. African Sun fell to $24.0, losing 4%. FBC declined 3.23% to $60.00. Proplastics closed at $33.00, going down by 2.94%.

Turnover improved to $600.73 million from $511.37 million.

CASS Saddle Agriculture ETF and Morgan & Co Made In Zimbabwe ETF remained flat at $1.800 and $1.1400 respectively.

On the other hand, Datvest Modified Consumer Staples ETF lost $0.0542 to $1.4717, Old Mutual ZSE TOP 10 was $0.0565 down at $6.3310 and Morgan & Co Multi Sector ETF retreated by $0.5000 to $22.5000.

TIGERE Real Estate Investment Trust remained flat at $47.1100 – Harare

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