• Tue. Jul 16th, 2024

Equities maintains positive trend, rises by $29.72bn

ByEconomic Times

Mar 2, 2023

By ETimes

The Zimbabwe Stock Exchange maintained its bull run, as the market capitalisation gained $29.72 billion.

The ZSE All Share Index (ASI) rose 2.63% to close at 29,299.06 points. Accordingly, investors gained $29.72 billion in value as the market capitalisation went up to $2.6 trillion.

The market breadth closed positive as 25 stocks posted gains while two stocks posted declines.

Gains in CBZ pulled up the Top 10 Index as it rose 0.99% to close at 17,151.32 points. CBZ garnered 9.04% to close at $155.38.

Zimplow recorded the highest price gain of 13.33% to close at $34.00. RTG followed with a gain of 11.63% to close at $13.45, while FMP went up by 9.53% to close at $16.75. ZHL appreciated by 9.36% to close at $11.00. 

The Medium Cap Index was up 1.68% to settle at 64,025.40 points.

On the other hand, Afdis led the losers’ chart by 1.67% to close at $280.19.

The Small Cap Index recovered by a negligible 0.09% to close at 631,770.39 points.

In the red, Fidelity eased 1.19% to finish at $29.00.

Market turnover increased by 86.52% to $838.04 million in 199 trades. Transactions in the shares of CFI topped the activity chart, with 1.14 million shares valued at $790.24 million.

Datvest Modified Consumer Staples ETF shed $1.5800 to $1.8725, Old Mutual ZSE Top 10 was down $0.6100 at $8.5192 and Morgan & Co Made In Zimbabwe ETF shed $3.1400 to $1.4044.

Morgan & Co Multi Sector ETF added $4.51 to $23.0000.

Cass Saddle Agriculture ETF remained flat at $2.1000.

Tigere REIT went up by $0.1196 to $46.7396 – Harare

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