• Fri. Apr 19th, 2024

Equities open week with 0.02% marginal gain


Dec 12, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) recorded a marginal gain of 0.02% on Monday, with market breadth closed at par with 5 gainers and 5 losers.

Accordingly, market capitalisation declined by $11.73 billion to $15.71 trillion.

The Top 10 Index was down 0.04% to close at 84,028.18 points.

The Medium Cap Index added 0.14% to close at 872,064.6 points while the Small Cap Index was flat at 5,344,423.84 points.

During the session, investors traded 591,900 shares worth $887.27 million in 152 deals.

Delta closed the session as the most active, with the sale of 202 000 shares valued at $706.50 million, and Tanganda traded 65 900 shares worth $63.03 million.

Old Mutual Top 10 ETF increased by $0.0500 to $34.5000 while Morgan & Co Made Multisector ETF gained $70.0000 closing at $560.0000.

Morgan & Co In Zim ETF, Datvest Modified Consumer Staples ETF and Cass Saddle Agriculture ETF remained unchanged at $9.5000, $9.0000 and $7.5000 respectively.

Tigere REIT gained $17.1900 closing at $296.8000.

On the VFEX, Simbisa was the best performing stock, appreciating by 1.74% to settle at US$0.3200. BNC added 0.88% to end at US$0.0114.

Innscor Africa Limited jumped 0.04% to finish at US$0.4500 after being bullish on the local market.

On the flip side, Axia was the only loser, down 0.24% to end at US$0.0828.

ZWL/dollar exchange rate has appreciated significantly at the parallel segment of Zimbabwe’s foreign exchange (FX) market.

FX dealers sold dollars to willing buyers at ZWL10,200/US$ while they bought from willing sellers at 8000x/US$, according to data obtained from the market-HARARE

By ETimes

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