• Tue. Apr 23rd, 2024

Equities halt losses as investors earn $14.07bn

ByEconomic Times

Mar 29, 2023

African Sun get nod to list on VFEX

By ETimes

The Zimbabwe Stock Exchange recovered previous day losses, on Tuesday, as the benchmark index rose by 1.09% to close at 37,675.82 points.

Equities investors at the ZSE, therefore, earned $14,07 billion as the market capitalisation closed at $3.28 trillion.

Accordingly, the Top 10 Index rose 0.72% to close at 22,312.62 points.

On the performance chart, Mash Holdings recorded the highest gains of the day having appreciated in share value by 14.9%, while Ecocash topped the losers’ list after losing 3.51%.

The Medium Cap Index gained the most, up 1.61% to close at 75,789.82 points.

The Small Cap Index climbed by 0.91% to finish at 679,921.97 points.

A total of 914,200 shares valued at $223.36 million were exchanged in 245 deals.

Delta led the volume chart with 207,400 units traded and value chart in deals worth $162.36 million.

Meanwhile, shareholders of African Sun approved the delisting of the company’s shares from the ZSE through voluntary termination of the listing on the ZSE at an extraordinary general meeting held today.

Also approved the listing of the company’s ordinary shares on the VFEX. Africa Sun lost 0.17% to close at $86.91.

Morgan & Co Multi Sector ETF was the best performer, up 14.81% to settle at $33.4545 followed by OML ETF which gained 8.73% to end at $10.8729. Morgan & Co Made In Zimbabwe ETF traded 1.53% higher at $1.9304.

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On the flip side, Datvest ETF eased 0.20% to $1.8863.

On the VFEX, Innscor Africa Limited shed 2.99% to US$0.6501, Axia down 0.25% to US$0.1181 and Simbisa fell 0.02% to US$0.4000.

In the positive was Padenga which gained 0.27% to close at US$0.1805 – Harare

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