• Fri. Apr 19th, 2024

ZSE appreciates by $30.36bn as new week begins positive

ByETimes

Oct 19, 2023

By ETimes

HARARE – The Zimbabwe Stock Exchange (ZSE) began the week on a bullish note as gains on 7 stocks led to a 0.31% increase on the mainstream index amid profit taking activities in equities.

Specifically, the ZSE All Share Index rose by 0.31% to close at 139,056.84 points, while the overall market capitalisation value gained $30.36 billion to close at $10.74 trillion.

During Monday’s trading session, 7 stocks ended on the gainers’ list, outperforming the 5 stocks on the losers’ list.

Investors traded 560 300 shares valued at $300.84 million in 136 deals.

Transactions in the shares of Delta topped the activity chart with 76 300 shares valued at $182.64 million.  

These somewhat positive market indicators demonstrate the level of investor confidence in Zimbabwe’s economy.  

As the week progresses, market participants will closely monitor the performance of various equities and economic indicators to make informed investment decisions.

Today’s performance comes amid the revelation that across all industries, the average monthly income varies from $43 076 to $2.75 million, according to the Zimbabwe National Statistics Agency.

The majority of jobs in the unofficial sector, including vending, are included in the wholesale and retail trade estimates, which have the lowest incomes.

By ETimes

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