• Tue. Nov 29th, 2022

ZSE extends losses by $16.31bn

ByEconomic Times

Nov 16, 2022

By ETimes

The Zimbabwe Stock Exchange ended Tuesday’s trading session on a negative note. Accordingly, the mainstream All Share Index dipped by 0.70% to close at 13,938.02 points.

The market capitalisation declined by $16.31 billion to $1.67 trillion.

Market breadth, a barometer for determining the level of investor sentiment towards trade, was negative as 13 laggards were reported compared to 10 gainers.

Among the heavyweights, Hippo added 2.05% to close at $199.00. Ecocash climbed by 1.80% to $37.87 as investors take a look at its half year ended 31 August 2022. It did not declare a dividend.

As a result, the Top 10 Index was down 0.67% to close at 7,938.80 points. Losses were recorded in Econet and Axia which eased 6.69% and 2.18% to settle at $69.98 and $64.99 in that order.

Nampak recorded the biggest fall as it declined by 15% to $8.50. First Capital Bank lost 11.69% to trade at $9.18. SeedCo Limited depreciated by 6.27% to $84.35.

The Medium Cap Index was off 0.80% to close at 32,945.28 points.

On the other side, FML led the gainers’ group with a price appreciation of 8.04% to trade at $24.85 while Mash Holdings improved by 2.56% to $7.99. OK Zimbabwe gained 1.23% to quote at $29.09.

The Small Cap Index recovered 0.01% to 516,263.29 points.

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Market turnover declined from yesterday’s $330.46 million to $215.13 million.

There were no trades recorded at VFEX.

The OML ETF was the only gainer, up 4.58% to $5.4906. On the flip side, the Datvest ETF fell 0.08% to close at $1.6106, Morgan & Co Made In Zim ETF rose 6.7% to $1.1196 and Morgan & Co Multi Sector ETF eased 3.32% to $20.0000 – Harare

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