• Mon. Apr 15th, 2024

Investors gain $128.51bn as equities close higher

ByEconomic Times

Sep 24, 2022

By ETimes

Trading activities on the Zimbabwe Stock Exchange (ZSE) on Friday ended on a positive note, occasioned largely by gains in select heavyweights. The mainstream ZSE All Share Index appreciated by 10.46% to close at 11,629.65 points.

The market breadth was positive after 27 stocks rose and only 2 stocks were in the red.

Cigarette manufacturer BAT led the price gainers’ chart, gaining 15% to close at $20270.00, leaving its market capitalization at $42.71 billion. Delta and Econet rose 14.99% apiece to end at $169.15 and $78.15 respectively. Innscor added 14.98% to settle at $203.65.

This saw the Top 10 Index gaining the most, rising 13.32% to close at 6,690.83 points.

Gains in FMP lifted the Medium Cap Index as it grew 5.29% to 26,741.87 points. FMP was up 14.98% to $5.12.

On the other hand, banking counter NMB led the loser’s chart with a loss of 2.80% to close at $16.00. Afdis came second with 0.02% to finish at $299.95.

The Small Cap Index recovered 5.59% to end at 471,763.41 points.

NatFoods was an investor’s delight, with 10,800 shares worth $11,830,000 traded. Meikles ranked second with 95.700 shares valued at $8,582,040. Turnover for the day declined from yesterday’s $223.49 million to $41.04 million.

Market capitalisation increased by $128.51bn to $1.41 trillion from $1.28 million in the previous session.

The Datvest ETF gained 3.86% to close at $1.4541 while the Morgan & Co Made in Zim climbed 3.72% to $1.2500. Also, the OM ZSE Top-10 ETF garnered 4.24% to close at $4.2194. The Cass Saddle Agric ETF was flat at $2.0000.

On the flip side, the Morgan & Co Multi-Sector was off 2.54% to finish at $27.7324 – Harare

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