• Mon. Jul 22nd, 2024

Top 10 gains drive ZSE 3pc gain

ByEconomic Times

Jan 9, 2023

By ETimes

The All Share Index soared 660.42 points representing a 3,20 percent gain to close at 21 303.44 points on Friday.

Listed diversified goods retailer Axia has appointed Mr. Ray Rambanepasi as their new group chief executive officer, following the resignation of long time serving Mr. John Koumides.

In a statement Axia confirmed the appointment, “The Board of Axia Corporation Limited wishes to announce the appointment of the Group Chief Executive Officer, Mr. Ray Munyaradzi Rambanapasi, as with effect from 1 January 2023.”

Rambanepasi has been the group’s finance director since its listing in 2016.

In the same statement, confirming the resignation, the company said, “The Board of Directors of Axia Corporation Limited would like to announce the retirement of the Group Chief Executive Officer, Mr. John Koumides, with effect from 31 December 2022.”

Trading in the positive was Innscor which added $22.70 to close the first week of trading with a share price of $699.69, as Delta the largest firm by valuation on the bourse recorded a $15.43 gain to $419.02.

Tanganda which is looking to consolidate its diversification drive added $10.09 to end the session with a share price of $100.09. Econet gained $9.61 to close at $121.92 as Meikles was up $7.41 to close the last session of the opening week at $127.41.

Trading in the negative were two equities in Mashonaland Holdings which saw its share price decline by $1.17 to trade at $8.00 per share and Edgars which saw its share price decrease by $0.07 to trade at $9.50 in the session.

Morgan & Co Multi Sector ETF was $0.86 up at $22.86 as the Morgan & Co Made in Zimbabwe ETF gained $0.05 to close at $1.27.

Datvest Modified Consumer Staples ETF added $0.04 to trade at $1.54.

Cass Saddle Agriculture ETF remained flat at $1.80 as the Old Mutual ZSE Top 10 retreated by $0.0125 to trade at $6.5298.

Tigere Real Estate Investment Trust gained $5.71 to close the session at $54.11.

Oil prices rose as much as US$1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after data showed lower fuel inventories in the US after a winter storm that hit during the year end.

Brent crude futures were US94c, or 1,2 percent, higher at US$79.63 a barrel, after settling US85c stronger at US$78.69 on Thursday.

Gold prices edged higher on Friday and were on track for a third straight weekly gain, with investors keenly awaiting a key US jobs report to gauge the US Federal Reserve’s (Fed) rate hike stance.

Spot gold rose 0,3 percent to US$1 838.38 per ounce. Prices rose about 0,8 percent for the week so far as US gold futures gained 0,2 percent to US$1 843.80.

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