• Tue. Apr 23rd, 2024

Heavyweight stocks pull ZSE to an 8% midweek gain

ByEconomic Times

Sep 29, 2022

By ETimes

The local bourse had another solid trading session during the midweek session, as the ZSE All Share Index rose by 8.67% to close at 15,023.86 points. This was against Tuesday’s trading session, which closed at 13,825.66 points.

Market breadth strengthened as 17 stocks advanced against 11 decliners.

Gains in Innscor, Econet and Simbisa saw the Top 10 Index gain 11.52% to close at 9,303.36 points. Innscor added 14.90% to end at $309.37 leaving its year-to-date gain at 90.51%.

Telecoms giant Econet was up 14.67% to finish at $118.45. Simbisa, which is set to delist from the ZSE and move over to the VFEX, rose 14.28% to settle at $170.33.

Beverage maker Delta, which had the most traded value of $114,137,175 for the day, plunged 0.37% to close at $256.20.

The Medium Cap Index was 2.37% higher at 29,499.17 points. Logistics firm Unifreight gained 14.97% to become the best performing stock ahead of its AGM on Friday. ZHL leapt to $5.75, notching up 14.54% in the process.

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On the other hand, NMB led the losers’ chart in percentage terms by 10% to close at $18.00.
Dairibord followed with 9.07% to finish at $22.18 while Mash Holdings eased 3.37% to close at $6.60. Meikles shed 2.98% to close at $114.95.

The Small Cap Index lost 1.01% to settle at 489,213.56 points on Edgars, which fell 4.76% to $7.00.

Turnover improved from yesterday’s $100.43 million to $444.56 million.

The Datvest ETF climbed up 6.06% to close at $1.6047 while the OM ZSE Top-10 ETF gained 0.32% to settle at $5.2099. The other ETFs were flat today – Harare

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