• Mon. Mar 4th, 2024

ZSE appreciates by $43.71bn as new week begins positive

ByEconomic Times

Feb 28, 2023

By ETimes

Trading activities on the Zimbabwe Stock Exchange resumed the week on a positive note as market capitalisation appreciated by $43.71 billion.

At close, the ZSE All Share Index gained 1.40% to close at 28,427.18 points, while market capitalisation increased to $2.56 trillion from $2.51 trillion in the previous session.

The Top 10 Index gained 1.08% to close at 16,938.13 points. Banking counter FBC gained 11.11% to end at $80.00.

But Econet plunged 0.83% to finish at $170.66 while EcoCash fell 0.15% to end at $70.00.

Agro concern TSL recorded the highest price gain of 14.87% to close at $61.10. Tanganda was up 11% to settle at $251.25. Hotelier African Sun closed at $96.36, notching up 8.58% in the process. As a result, the Medium Cap Index gained the most, going up 2.53% to close at 62,471.47 points.

On the flipping side, ART was the worst performer falling by 4.55% to end at $21.00. SeedCo Limited followed, slumping 1.06% to close at $197.63. Afdis fell by a negligible 0.02% to settle at $284.95, rounding out the top five losers.

The Small Cap Index recovered 0.95% to finish at 632,148.51 points. GB Holdings was 14.82% higher at $1.84.

Market turnover declined to $137.11 million from $175.50 in the previous session.

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Transactions in the shares of Econet topped the activity chart with 218,800 shares valued at $37.34 million. Delta exchanged 57,000 shares valued at $29,86 million.

Morgan & Co Made In Zim ETF gained 2.11% to close at $1.4500 while Morgan & Co Multi Sector ETF climbed by 1.40% to finish at $22.0072. Datvest ETF added 0.06% to end at $1.9025.

However, the Cass Saddle ETF fell 3.31% to $2.1367.

The price of the OML ETF remained unchanged at $8.7500.

Tigere REIT was down 5.62% to finish at $47.7726.

On the VFEX, SeedCo International closed at US$0.3164, up 10.82%. Simbisa garnered 4.48% to end at US$0.4495.

On the downside was Innscor Africa Limited, which plunged 9.07% to close at US$0.8381 – Harare

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