• Tue. Apr 23rd, 2024

Mash Holdings shares up 15% after board changes

ByEconomic Times

May 19, 2023

By ETimes

Shares of Mash Holdings gained 15% on Thursday after the property firm announced board changes.

This comes as Barbra Musariri retires from the board of directors effective 8 May 2023. She served Mash Holdings as a non-executive director for three years. Musariri also served as chairperson of the board’s investment committee.

Meanwhile, the property firm has appointed Tandiwe Masunda as a non-executive director of the board. She is the chief executive officer of the investments cluster for ZB Financial Holdings. Prior to joining ZBFH, she was an associate director, corporate finance and transaction services, at PricewaterhouseCoopers Chartered Accountants Zimbabwe.

She has over 15 years of experience in financial services, corporate finance, transaction services, and assurance.

Masunda is a qualified chartered accountant, a chartered financial analyst charter holder, and a member of the Institute of Chartered Accountants of Zimbabwe and the Investment Professionals Association of Zimbabwe.

Mash Holdings led gainers, appreciating by 15% to close at $25.30 against the previous close of $22.00.

Market breadth, a marker of investors’ sentiment towards trade, was positive, as 19 gainers emerged compared to 5 laggards. 

General Beltings moved up by 14.99% to finish at $4.08 and SeedCo Limited rose 14.78% to close at $449.00. RTG jumped 14.75% to close at $44.25. Truworths completed the top 5, climbing by 14.62% to finish at $5.80.

EcoCash was the worst performing stock, declining by 1.25% to close at $149.84. Unifreight followed, slumping 0.90% to close at $99.00. Zimplow was off 0.49% to close at $96.01. Econet shed 0.11% to $600.00. Ariston closed at $14.95, going down by 0.10%.

In all, 7.84 million shares, estimated at $3.03 billion, were traded. OK Zimbabwe led the volume chart with 5.38 million units, while Delta topped the value chart with deals worth $1.64 billion.

Morgan & Co Multi Sector ETF appreciated by 9% to close at $45.2385. OML ETF added 3.30% to $15.4834.

Conversely, the Datvest ETF lost 0.69% to close at $4.7700. Morgan & Co Made in Zimbabwe ETF was off 0.01% to $2.8003.

Tigere REIT went up 0.03% to $66.8500.

On the VFEX, Axia and Simbisa gained 8.64% and 1.42% to close at US$0.0980 and US$0.4058, respectively – Harare

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