• Thu. Sep 21st, 2023

Equities gain $9.13bn in midweek trade

ByEconomic Times

Oct 27, 2022

By ETimes

The Zimbabwe Stock Exchange closed 0.53% higher following marginal gains in Simbisa, which were enhanced by stronger gains in mid-caps. 

Bulls’ camp took dominance over the market breadth with 14 counters in the gainers’ chart pitted against 13 counters in the losers’ chart.

At close, the mainstream ZSE All Share Index, thus, gained further to 14,722.93 points as against its previous close of 14,645.20 points.
The Top 10 Index gained 1.04% to settle at 8,722.19 points.

Zimplow gained 11.25% to become the best performing stock in the session, flanked by Axia, Starafrica, Willdale and Simbisa as they populated the top five gainers’ chart.

From the rear of the chart, Art, African Sun, Ariston, OK Zimbabwe and Tanganda populated the top five losers’ chart.

Turnover for the day declined from yesterday’s $254.32 million to $202.99 million. With regard to the value of traded stocks, Innscor with $32.52 million took the lead among the top five performers. It was flanked by Simbisa, Proplastics, Econet and Delta.

The market cap increased by $9.13 billion to $1.78 trillion from $1.77 trillion.

On the derivatives market, the Datvest ETF was up 1.17% to $1.7300.

The Cass Saddle Agric ETF lost 0.37% to close at $1.8747, the Morgan & Co Made in Zim eased 0.23% to end at $1.0600 and Morgan & Co Multi-Sector fell 0.47% to settle at $21.2500. The OM ZSE Top-10 ETF was off 0.02% to $5.5999 – Harare

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