• Sun. May 26th, 2024

Equities see further decline, investors lose ZiG670.68 million

By ETimes

HARARE – Investors on the local bourse lost ZiG670.68 million at the end of trading and extended losses from the previous session as the market took time to swallow the impact of policy measures.
Foreign investors are buying more than they are selling on the Zimbabwe Stock Exchange (ZSE). Foreigners bought shares worth ZiG62,000 and there were no foreign sales recorded today, showing some renewed interest in the market.
The ZSE All Share Index declined by 0.81% in today’s session.
The mainstream index, which opened the week at 99.24 points closed at 98.43 points at the close of deals, while market capitalisation declined by ZiG670.68 million to close at ZiG28.55 billion against the preceding level of ZiG29.22 billion.
Market breadth closed positive as 11 stocks gained against 7 that declined in their share prices.
The Top 10 Index depreciated by 1.34% to close at 96.73 points.
On the other hand, the Medium Cap Index was up 0.75% to end at 102.68 points.
As usual, the Small Cap Index was flat at 100.00 points.
Market turnover increased by ZiG14,816 to ZiG80,936.

Morgan & Co Multi Sector ETF added ZiG1.3149c to close at ZiG38.0000c.
Old Mutual Top 10 ETF gained ZiG1.0503c to close at ZiG10.4322c.
Datvest Modified Consumer Staples ETF increased by ZiG0.3000c to close at ZiG2.3000c.
Cass Saddle Agriculture ETF and Morgan & Co Made In Zimbabwe remained flat at ZiG0.4558c and ZiG0.8404c respectively.
Tigere REIT gained ZiG3.8793c to ZiG55.2693c and Revitus Property Opportunities lost ZiG0.4100c to ZiG22.0000c.
On VFEX, African Sun and Zimplow gained 0.67% and 5.06% to close at US$0.0297 and US$0.0249 in that order.
Elsewhere on the price sheet, First Capital Bank eased 14.48% to US$0.0248. Padenga fell 10.52% to US$0.1700. SeedCo International was 2.08% lower at US$0.2350. Simbisa lost 0.46% to US$0.3435.
Axia plunged 0.39% to US$0.1001.
NatFoods depreciated by 0.01% to US$1.3000.
Innscor Africa Limited went down by 0.04% to US$0.4498.

By ETimes

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