• Mon. Apr 15th, 2024

Market starts September on positive note, up 2.63%

ByETimes

Sep 4, 2023

By ETimes

HARARE – The Zimbabwe Stock Exchange started the new month of September on a positive note as investors’ confidence was bolstered toward listed corporates following favourable policies and earning season.

The mainstream ZSE All Share Index gained 2.63% to close at 125,134.79 points however market capitalisation declined 1.08% to $9.66 trillion.

Despite concerns such as rising uncertainty and apprehension surrounding the fallout of the 2023 harmonised elections, investor confidence remained strong, leading to increased buying activity.

The Top 10 Index rose 2.72% to close at 58,625.14 points.

The Medium Cap Index appreciated by 2.57% to end at 449,716.78 points while the Small Cap Index was flat at 2,320,368.91 points.

Market turnover declined 76% to $624.97 million after 1.44 million shares traded in 133 trades. Transactions in the shares of Delta topped the activity chart with 47.500 shares worth $309.78 million.

On the VFEX, Padenga and Simbisa went up 0.9% and 0.2% to close at US$0.1780 and US$0.3730 respectively.

Innscor Africa Limited fell 9.06% to finish at US$0.4181.

By ETimes

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