• Wed. Jun 12th, 2024

ZSE back in the red, capitalisation loses $11.28bn

ByEconomic Times

Dec 9, 2022

By ETimes

The Stock Market closed on a bearish note on Thursday as market capitalisation closed at $1.62 trillion from the $1.63 trillion the previous day, a loss of $11.28 billion.

Accordingly, the mainstream ZSE All-Share Index (ASI) closed at 14,725.40 points from 14,826.95 points on Wednesday, representing a decrease of 0.68%. The performance of the market was largely driven by negative outing of heavyweight stocks.

The session yielded 17 losers and 9 gainers.

Losses in Hippo and BAT saw the Top 10 Index losing 1.02% to close at 8,565.42 points. Hippo eased 14.5% to end at $170.05 while BAT lost 3.34% to close at $2,890.00.

In the green was NatFoods which gained 1.96% to close $1,125.05.

Unifreight led the gainers table, up 14.49% to $51.55. TSL gained 5.73% to $42.45. Hotelier Africa Sun rose 1.57% to $24.40.

Losses in First Capital Bank and OK Zimbabwe were enough to drag the Medium Cap Index as it lost 0.45% to close at 33,214.84 points. The banking counter fell 5.06% to $10.01. The retail giant was 7.36% lower to $26.17.

NTS led the losers’ chat with 15% closing at $10.20. As a result, the Small Cap Index suffered the most as it lost 2.04% to 455,726.42 points. But, clothing retailer Truworths was up 13.64% to $2.75.

Market turnover increased 26.61% to $306.25 million.

Morgan & Co Multi Sector recovered 8.51% to close at $23.0000. On the flip side, OMTT lost 12.60% to $6.0000.

Tigere REIT was down 0.21% to close at $34.0000 – Harare

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