• Tue. Apr 23rd, 2024

Stocks continue southward journey

ByEconomic Times

Jul 7, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) continued its southward journey on Wednesday, weighed down by select heavyweight stocks.

Market breadth, a barometer for measuring investors sentiment towards trade, was negative, as there were 17 laggards against 13 gainers.

The mainstream ZSE All Share Index lost 2,38 percent to close at 162,840.11 points.

Meikles and CBZ were the worst performing stock, declining by 15 percent apiece to close at $1,005.65 and $1,298.25. Mash Holdings shed 8,96 percent to close at $100,07.

FBC fell to $1,199.95 losing 7,68 percent.

OK Zimbabwe depreciated by 5,11 percent to end at $238,97.

ART, Fidelity and Masimba led gainers, appreciating by 15 percent apiece to close at $69,00, $92,00 and $641,05 respectively.

RTG and Nampak both jumped 14,98 percent to settle at $115.00 and $78,30 in that order.

Investors’ wealth declined by 1,81 percent to $13,19 trillion.

Market turnover declined 52,07 percent to $931,09 billion.

Morgan & Co Made In Zim ETF suffered the most, down 11,76 percent to close at $7,0000.

The Datvest ETF fell 6,16 percent to close at $11,0000. OML ETF eased 0,81 percent to end at $39,0000.

Cass Saddle Agriculture ETF did not trade at $5,7500.

Morgan & Co Multi Sector ETF was flat at $172,7500.

Tigere REIT lost 0,03 percent to $298,0105 – Harare

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