• Fri. Apr 19th, 2024

Stock investors lose $25.65bn in midweek session


Oct 6, 2023

By ETimes

HARARE – Investors on the Zimbabwe Stock Exchange (ZSE) on Wednesday lost $25.65 billion in a trading session amid sell pressure on bellwethers.

Specifically, the market capitalisation shed $25.65 billion to close at $10.3 trillion.

Accordingly, the mainstream ZSE All-Share Index dipped 2.93% to close at 128,802.84 points.

Bears’ camp took dominance over the market breadth with 12 counters in the losers’ chart pitted against 9 counters in the gainers’ chart.

Delta led the losers’ chart in percentage terms, dropping by 10.28% to close at $2,326.68.

The Top 10 Index suffered the most, dropping 4.61% to close at 57,772.27 points.

Conversely, SeedCo Limited recorded the highest price gain of 14.75% to close at $642.00.

The value of those traded stocks dipped by 4.28% in the session to stand at $2.09 billion in 250 trades.

Transactions in the shares of Delta topped the activity chart with 562 900 shares worth $1.30 billion.

OML ETF gained 3,44 percent to close at $30,0000.

Morgan & Co Multi Sector ETF followed, rising by 2,32 percent to finish at $220,0000.

Morgan & Co Made In Zim ETF added 0,94 percent to end at $7,9000.

Datvest ETF was off 0,05 percent to settle at $6,9261.

Cass Saddle Agriculture ETF was flat at $7,2200.

By ETimes

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