• Fri. Apr 19th, 2024

Investors gain $19.91bn as ZSE advances by 0.10%


Oct 16, 2023

By ETimes

HARARE – The Zimbabwe Stock Exchange (ZSE) made a marginal 0.10% gain in the last trading session of the week.

Today’s performance comes as the ZSE market capitalisation lost 29% from Q2 2023, to close Q3 2023 at $9.87 trillion.

The figure represents a 443% increase from the same comparative period last year.

“Foreign investor participation accounted for 11% of Q3 2023 trades,” ZSE said in its latest report.

ZSE recorded a total market turnover of $171 billion in Q3 2023, a 27% increase from the previous quarter. In comparison to the same period last year, the market turnover recorded a 418% jump from $33 billion.

At the end of Friday’s session, market sentiment trended positive, as reflected in 13 gainers and 4 losers.

The benchmark index was higher by 133.81 points or 0.10% growth, to close at 138,620.74 points while market capitalisation increased by $19.91 billion to $10,71 trillion from $10,69 in the previous session.

The Top 10 Index went up by a negligible 0.08% to end at 61,119.06 points.

The Medium Cap Index rose 0.07% to close at 566,226.72 points.

Gains in Truworths saw the Small Cap Index rise the most, up 11.23% to finish at 3,774,092.29 points.

A total of 815,630 shares worth over $949.04 million were traded in 119 deals.

Delta was the busiest, exchanging 216,200 shares valued at $512.20 million.

Morgan & Co Multisector ETF added $1.0000 to $253.0000 and Morgan & Co Made In Zim ETF was $0.1158 up at $7.9000.

CASS saddle agriculture ETF, Datvest Modified Consumer Staples ETF and Old Mutual Top 10 ETF remained flat at $7.2191, $7.7000 and $30.0000 respectively.

Tigere REIT lost $4.9785 to $230.0215.

By ETimes

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