• Mon. Jul 22nd, 2024

Equities opens week 0.70% up

ByEconomic Times

Dec 13, 2022

By ETimes

The Zimbabwe Stock Exchange resumed trading for the week on a high note, buoyed by gains in select heavyweights, with nine counters closing in the green and six closing in the red.

Turnover declined by 68.08% to $107.83 million and it was mainly concentrated in big caps. Delta closed the session as the most active with the sale of 268 800 shares valued at $65.97 million, while Innscor traded 65 800 shares worth $22.69 million.

At Monday’s close, the All Share Index was 0.70% higher at 14,828.87 points. The Top 10 Index gained 1.35% to settle at 8,669.76 points.

Among the heavyweights, Econet gained 5.84% to $78.37. Delta was up a marginal 0.50% to $254.42. Ecocash added 0.14% to $36.00 after 175,800 shares worth $6.32 million changed hands.

NatFoods did not trade today after shareholders approved the de-listing of its shares from the ZSE and the subsequent listing of the company on the Victoria Falls Stock Exchange.

Mid-tier stock ART was the best-performing stock, as it appreciated by 8.45% to settle at $15.40. First Capital Bank gained 7.91% to trade at $10.81 while Starafrica grew by 1.09% to close at $1.41.

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On the flip side, ZHL was the heaviest price loser with a decline of 4.76% to quote at $4.23, followed by GB Holdings, which dropped 2.71% to sell for $1.70.

Further, RTG depreciated by 0.63% to $7.85, Meikles went down by 0.33% to $102.00, and Ariston depreciated by 0.29% to $3.40.

The market cap fell 0.88% to $1.66 trillion.

Morgan & Co. Made in Zimbabwe has dropped 5.10% to $1.2337. Other ETFs remained flat.

Tigere REIT was flat at $34.0000 – Harare

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