• Tue. Apr 23rd, 2024

Equities sustains sliding profile as bear run enters 11th day

ByEconomic Times

Sep 20, 2022

By ETimes

The Zimbabwe Stock Exchange ended Tuesday’s trading session in negative territory. The mainstream ZSE All Share Index closed at 9,848.30 points, down 1.34%.

A negative market breadth was recorded as 16 losers emerged against 7 gainers.

The Top 10 Index was off 1.50% to 5,329.56 points. NatFoods fell 9.09% to close at $1000.00. BAT followed, slumping by 8.44% to $1790.00. Banking counter CBZ eased 6.87% to $139.70. CBZ was the most actively-traded stock today after contributing $37,940,040 to market turnover.

Conversely, Axia added 7.17% to close at $24.94 while Econet rose 4.81% to end at $57.98.

Mid-tier stock FMP was the best performing stock today. The stock gained 13.33% to finish at $5.10. Proplastics also gained 12.85% to close at $18.00. Property firm Mash Holdings rounded off the top five gainers for today. The stock climbed up 3.64% to $5.70. As a result, the Medium Cap Index recovered 23.58% to close at 25,505.83 points.

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On the flip side, hotelier African Sun was the worst performing stock, declining by 11.86% to close at $11.26. Brick maker Willdale also fell by 6.65% to close at $1.71.

Turnover for the day was down 66.59% to $93.26 million. In the same vein, market capitalisation declined by 12.79 billion to $1.19 trillion.

On ETFs, the Cass Saddle Agric went up 11.73% to close at $2.0000 while the Morgan & Co Made in Zim garnered 0.21% to close at $1.2192. The Morgan & Co Multi-Sector was flat at $26.5000.

In the red, Datvest shed 1.92% to $1.3765. The OM ZSE Top-10 lost 5.22% to close at $3.5158 – Harare

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