• Tue. Apr 23rd, 2024

Equities regain steam, turnover rises to $1.18bn

ByEconomic Times

Jan 27, 2023

By ETimes

The Zimbabwe Stock Exchange steadied on Thursday after one day of losses as the mainstream index jumped 1.35%.

Analysts expect the market to gain momentum as investors continue to take positions in anticipation of the forthcoming end-of-year releases.

Market breadth, which gauges investors’ sentiment towards trade, closed in the positive as 14 advancers were recorded in contrast to 10 decliners.

Market turnover rose 74% to $1.18 billion, or US$1,573,922.99 (interbank rate of US$1:ZWL$750). Delta contributed the highest value at $580.06 million. Delta was 0.02% lower to $403.01.

Innscor led the heavyweight gains as the ZSE AII Share Index closed 1.35% higher at 22,111.38 points.

The Top 10 Index was up 1.73% to settle at 13,673.25 points. Innscor added 6.75% to close at $725.36.

Ariston topped the gainers’ chart, appreciating by 12.45% to close at $4.78. SeedCo Limited climbed by 10.99% to close at $150.00. Proplastics gained 10.04% to finish at $44.01. Tanganda garnered 7.49% to end at $145.17.

The Medium Cap Index recovered 0.40% to close at 44,418.55 points.

Getbucks led the laggards, falling 8.26% to $2
0.00.Zimplow shed 6.66% to end trading at $20.00. Brick maker Willdale lost 3.24% to $3.09. Meikles was down 2.97% to $160.10. Clothing retailer Edgars closed at $9.60, going down by 2.37%.

Market capitalisation stood at $2.35 trillion.

Cass Saddle Agriculture ETF and Morgan & Co Multi Sector ETF remained flat at $2.2400 and $24.5000 respectively. Datvest Modified Consumer Staples ETF shed $0.0133 to $1.5000, Morgan & Co Made In Zimbabwe ETF was down $0.0093 at $1.3000 and Old Mutual ZSE TOP 10 lost $0.0574 to $7.4099.

Tigere REIT retreated by $2.2146 to close at $48.3454 – Harare

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