• Fri. Apr 19th, 2024

Stock market extends losing streak to six days


Feb 19, 2024

By Stephen Chandisareva

HARARE – The Zimbabwe Stock Exchange fell further on Friday, extending its losing streak to six consecutive trading sessions.
Fifteen counters, led by Meikles, recorded price losses while 8 firms gained at the close of trading, with CAFCA leading the pack.
Some investors have already started to reduce their portfolios as a result and those who entered the market when prices were at their highest are becoming agitated.
The mainstream ZSE All Share Index depreciated by 1.55% to close at 508,228.16 points while market capitalisation declined by 0.43% to $37.98 trillion.
The Top 10 Index was 0.09% lower at 225,406.25 points.
Market turnover depreciated by 81.19% to $1.61 billion.

Econet ended the session as the most active stock, selling 540 600 shares worth $935.31 million and was trailed by Delta, which exchanged 89 800 shares valued at $612.96 million.
Morgan & Co Multi Sector ETF gained 1.66% to close at $610.0000. Cass Saddle Agriculture ETF went up 0.11% to end at $8.3100.
Conversely, OML ETF fell 1.18% to $79.0000. Datvest ETF plunged 0.99% to finish at $19.5000. Morgan & Co Made In Zim ETF shed 0.40% to $17.5000.
Tigere REIT was down 2.51% to 579.9817.
On the VFEX, Caledonia gained 12.50% to settle at US$18.0000. Innscor Africa Limited added 0.20% to US$0.4310.
National Foods was the worst performer, down 14.27% to US$1.2687. African Sun shed 3.54% to US$0.0299. Simbisa fell 1.47% to US$0.3350.
Axia lost 0.11% to US$0.0899.

By ETimes

Leave a Reply

Your email address will not be published. Required fields are marked *