• Mon. Mar 4th, 2024

ZSE ascends for second trading day, investors gain $3.55bn

ByEconomic Times

Mar 31, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) advanced for the second trading session on Wednesday in continuation of a swift rally that began on Tuesday, pushing the benchmark index further north to 37,720.92 points.

A negative market breadth was reported, showing 11 laggards against 10 gainers at the end of trade.

The ZSE All Share Index rose 0,12% to close at 37,720.92 points, while investors gained $3.55 billion as market capitalisation closed at $3.29 trillion.

BAT recorded the highest price gain of 5.19% to close at $2874.88. As a result, the Top 10 Index increased by a negligible 0.05% to close at 22,323.61 points.

Ecocash was the worst performing stock, declining by 6.27% to close at $71.53. OK Zimbabwe slid to $67.90 recording 1.74% depreciation.

The Medium Cap Index gained the most, up 0.47% to finish at 76,148.77 points. Hippo went up 4.04% to $625.00. Mash Holdings rose to $13.75, notching up 3.77% in the process. ZHL added 3.76% to end trade at $12.00. TSL completed the top 5, climbing by 2.83% to $100.00.

Starafrica shed 4.27% to close at $1.50. African Sun fell to $85.39, losing 1.75%. ART closed at $29.00 going down by 1.24%.

The Morgan & Co Made In Zim ETF gained 3.60% to end at $2,0000. OML ETF climbed by 0.24% to close at $10,9000. The Morgan & Co Made Multi Sector ETF declined by 14.54% to end at $28,5896 while the Datvest ETF eased 1.39% to close at $1,8600. Cass Saddle Agriculture ETF remained unchanged at $2,1000. Tigere REIT was off 0.04% to $50,0000.

Market turnover increased by 113.4% to $476.67 million.

On the VFEX, Innscor Africa Limited garnered 12.30% to end at US$0.7301. Padenga added 0.27% to close at US$0.1810. Losses were recorded in Axia, Bindura and SeedCo International which lost 0.59%, 0.50% and 0.19% to close at US$0.1174, US$0.0198 and US$0.2611 respectively – Harare

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