• Tue. Apr 23rd, 2024

Stocks inch up amid signals to improve investor environment

ByETimes

Sep 13, 2023

By ETimes


The Zimbabwe Stock Exchange maintains its northward movement as authorities signal an increased focus on improving the investor environment.

This comes as the Ministry of Finance and Economic Development changed to the Ministry of Finance and Investment Promotion.

Market watchers say investment is critical to Zimbabwe’s development agenda.

“I think improving economic growth will require more integration and strategy behind important policy decisions,” an economist said.

At the close of trade, the mainstream ZSE All Share Index gained 5.62% to close at 145,437.37 points.

The market breadth closed positive, as 20 stocks posted gains and 3 posted declines.

RioZim and ZHL were the best performers, up 15% apiece to close at $690.00 and $74.75 respectively. NMB rose 14.9% to close at $184.05. Proplastics garnered 14.8% to finish at $531.90.

Turnall added 12.2% to end at $17.95.

On the other side of the coin, Dairibord suffered the most, falling 6.26% to close at $560.00. OK Zimbabwe fell 0.51% to close at $144.27. EcoCash eased 0.47% to end at $141.03.

The Top 10 Index gained the most, going up 6.80% to close at 71,725.12 points.

The Medium Cap Index rose 3.31% to close at 473,032.07 points, while the Small Cap Index was flat at 2,320,368.91 points.

Econet and Delta led on value traded at $1 billion apiece – Harare

By ETimes

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