• Tue. Jul 16th, 2024

Stocks slip as investors lose $94.49 billion

ByETimes

Jul 26, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) slipped on Tuesday, dented by uncertainty on whether the market stability being felt for now will persist post-election.

The Zimbabwean dollar firmed up by a negligible 0.70% on the Reserve Bank of Zimbabwe (RBZ) Auction.

The local unit appreciated to $4,505 to the US dollar, down from $4,537 in the last auction.

A total of US$7.9 million was allotted.

At close, the ZSE All Share Index fell 1.14% to close at 118,263.57 points while market capitalisation declined by $94.49 billion to $9.44 trillion.

The Top 10 Index was 1.89% to end at 54,008.87 points.

The Medium Cap Index eased 0.14% to 444,660.16 points, while the Small Cap Index was the only gainer, up 3.73% to end at 2,160,142.99 points – Harare

By ETimes

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