• Thu. Sep 21st, 2023

ZSE ascends for third trading day but turnover slides

ByEconomic Times

Jan 6, 2023

By ETimes

For the third time this week, the Zimbabwe Stock Exchange closed in the positive region, rising by 2.76% at the close of trading on Thursday.

The market breadth was equally positive today, with a total of 18 advancers compared with six decliners.

Consequently, the mainstream ZSE All Share Index grew by 554.98 points to 20,643.02 points, while market capitalisation increased by $6.31 billion to $2.17 trillion from $2.11 trillion.

The Top 10 Index gained the most, up 3.43% to end at 13,147.52 points. EcoCash, Econet and Delta were up 7.69%, 7.48% and 6.89% to close at $52.64, $112.30 and $403.58 respectively.

On the contrary, Innscor suffered a loss of 2.28% to close at $676.99.

SeedCo Limited boosted the market’s outcome today with a rise of 10.22% to close at $84.79, while OK Zimbabwe rose by 8.33% to finish at $35.97. This saw the Medium Cap Index rise 0.92% to close at 38,219.67 points.

Other losses were recorded in Starafrica, Ariston and Mash Holdings which lost 2.18%, 1.77% and 0.45% to finish at $2.20, $3.93 and $9.16 in that order. Banking counter First Capital Bank fell 0.09% to close at $17.43.

Turnover for the day declined 23.44% to $459.9 million. Accordingly, investors traded a total of 3.32 million shares on Thursday worth $459.9 million executed in 286 deals.

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Foreign investors were net sellers after disposing of $196.81 million against buys of $22,500.

Old Mutual ZSE TOP 10 ETF was $0.2113 up at $6.5423, Morgan & Co Made In Zimbabwe gained $0.0834 to $1.2234 and Datvest Modified Consumer Staples ETF recovered $0.0285 to $1.5002.

CASS Saddle Agriculture ETF remained flat at $1.800.

On the downside, Morgan & Co Multi Sector ETF retreated by $0.5000 to $22.0000.  

TIGERE Real Estate Investment Trust gained $1.2900 to close the session at $48.4000 – Harare

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