• Sun. Apr 14th, 2024

Stock market maintains negative form, loses $230.33 billion

ByEconomic Times

Jul 20, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) regressed even further into the red zone at the close of the trading session as investors lost $230.33 billion.

Today’s performance comes as Zimbabwe has been ranked 73 among the 103 on the Henley Passport Index: Q3 2023 Factsheet.

The Henley Passport Index is the original and most authoritative ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa.

At number 73, the country was above Ghana, Rwanda and Egypt who were ranked 75, 76 and 83 respectively.

ZSE All Share Index lost 2.27% to close at 126,015.43 points. Similarly, market capitalisation shed $230.33 billion to $10.03 trillion.

The Top 10 Index lost 3.37% to close at 59,160.87 points.

ART was the worst performing stock, declining by 15 percent to close at $51,00.

Truworths shed 7,75 percent to close at $10,50. OK Zimbabwe fell to $177,12 losing 6,63 percent. Delta was off 6,41 percent to close at $1,895.09. EcoCash depreciated by 6,25 percent to end at $130,88. Fidelity led gainers, appreciating by 4,01 percent to settle at $105,05.

Dairibord rose to $295,91, notching up 1,69 percent in the process. RTG gained 1,44 percent to close at $117,66. NMB was up 0,37 percent to end at $150,06. BAT added 0,35 percent to end at $17999,95. Cass Saddle Agriculture ETF declined 1,29 percent to $5,9389.

Morgan & Co Made In Zim ETF jumped 14,34 percent to $6,5635. The Datvest ETF lost 3,15 percent to $9,2000. OML ETF was down 7,56 percent to end at $24,9300. Morgan & Co Multi Sector did not trade at $235,0000. Tigere REIT was flat at $230,0000 – Harare


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