• Mon. Mar 4th, 2024

Stock investors gain $517.19bn amid positive start to new week


Nov 7, 2023

By ETimes

Activities on the floor of the Zimbabwe Stock Exchange started on a positive note on Monday after the market recorded a 4.14% growth at the close of transactions.

Although slowly and with less-than-optimal liquidity circumstances, the market has begun to rebound.

Investors experienced a surge of $517.19 billion in market capitalization, reflecting a 4.01% rise to close at $13.4 trillion.

In tandem with the market capitalization, the All-Share Index rose by 6,667.12 points to close at 167,717.18 points.

As measured by market breadth, market sentiment was positive, as 17 counters gained relative to 8 losers.

Investors traded 4.61 million shares valued at $1.55 billion in 220 deals. Transactions in the shares of Delta topped the activity chart with 173 100 shares valued at $584.83 million.   

The Top 10 Index gained the most, up 4.77% to finish at 74,947.38 points.

The Medium Cap Index jumped 2.80% to close at 666,736.57 points.

In the negative was the Small Cap Index which shed 0.12% to close at 5,336,399.65 points.

On the price movement chart, Zimpapers was the best performing stock, chalking up 15.02% to close at $19.15.

On the flip side, CAFCA topped the decliner table with a 14.89% decline in its share price.

Morgan & Co Multisector ETF was $16.6838 up at $269.6838, Datvest Modified Consumer Staples ETF increased by $0.1000 to $7.3000 and CASS Saddle Agriculture ETF added $0.0007 to $7.2507.

Morgan & Co Made In Zimbabwe was unchanged at $6.7900 and Old Mutual Top 10 ETF shed $0.0137 to $35.0000.

On the VFEX, Innscor Africa Limited gained 0.30% to close at US$0.4219. Simbisa added 0.14% to end at US$0.3505.

On the other hand, First Capital Bank went down by 2.43% to close at US$0.0200. Padenga was off 2.05% to close at US$0.1665-HARARE

By ETimes

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