• Mon. Jul 22nd, 2024

Investors gain $82.77bn in bullish trading

ByEconomic Times

Apr 26, 2023

By ETimes

Investors in the Zimbabwe Stock Exchange on Tuesday recorded a gain of $82.77 billion as the market maintained its bull run.

The ZSE All Share Index rose 2.34% to close at 38,326.89 points while the market capitalisation increased to $3.2 trillion from $3.11 trillion in the previous session.

Gains in BAT lifted the Top 10 Index, which went up by 2.43% to close at 22,194.68 points.

In the red was OK Zimbabwe which fell 0.74% to finish at $57.00 and CFI which eased 2.02% to close at $663.43.

The Medium Cap Index gained 2.15% to end at 82,477.94 points.

Masimba Holdings led the gainers, up 15% to close at $166.75. FMP followed with 14.23% to close at $19.56. Mash Holdings was 12.43% higher at $16.98. Hippo added 10.66% to end at $695.00.

On the flip side, SeedCo Limited was the worst performer, falling 4.75% to finish at $190.50. Zimplow plunged 1.37% to close at $36.00.

The Small Cap Index succumbed 1.12% to 755,718.31 points on Turnall, which fell 3.62% to $7.61.

Investors traded 6.41 million shares worth $1.86 billion in 267 deals, compared with 1.59 million shares worth $187.52 million in 267 deals previously.

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OK Zimbabwe led the volume chart with 3.11 million units, while Delta tops the value chart with deals worth $994.45 billion.

Morgan & Co Multi Sector ETF was $0.0075 higher at $30.3800, Morgan & Co Made In Zimbabwe ETF added $0.0122 to $2.0500 whilst CASS Saddle Agriculture ETF gained $0.0436 to $2.0515.

Old Mutual ZSE Top 10 was $0.0026 up at $9.3508.

On the other hand, Datvest Modified Consumer Staples ETF shed $0.2107 to finish at $1.5004.

Tigere REIT shed $0.0927 to close at $50.5073.

On the VFEX, SeedCo International gained the most, up 4.85% to finish at US$0.2936. Padenga garnered 0.22% to US$0.2200.

Simbisa suffered the most, falling by 1.19% to US$0.4145. Newly listed stock African Sun was down 0.46% to close at US$0.0862. Innscor Africa Limited eased 0.12% to US$0.5528 while Nedbank ZDR depreciated by a negligible 0.03% to US$10.8500 – Harare

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