• Tue. Jul 16th, 2024

ZSE begin year on positive note with $26.84bn gain

ByEconomic Times

Jan 4, 2023

By ETimes

Transactions on the equities sector of the Zimbabwe Stock Exchange (ZSE) reopened the year on a positive note, as market capitalisation appreciated by $26.84 billion.

With the exception of a positive mood seen in the last two weeks of December 2022, performance on the ZSE was muted by government-introduced liquidity tightening measures in May 2022.

At the close of trading, the All-Share Index increased by absolute points, representing a growth of 1.24% to close at 19,735.17 points. Similarly, the market capitalisation gained $26.84 billion to close at $2.07 trillion.

Market sentiment, as measured by breadth, closed positive, as 16 stocks gained while 5 constituted the losers’ chart.

EcoCash led the gainers’ chart with 14.77% to close at $46.00. This saw the Top 10 Index rise 1.08% to close at 12,443.69 points.

Partially offsetting the gains was Innscor which eased 0.81% to end at $707.90.

ART gained 14.29% to close at $16.00. Zimre added 13.37% to close at $5.95. Ariston rose 11% to close at $4.50. Banking counter First Capital Bank climbed by 10.56% to finish at $17.41. As a result, the Medium Cap Index gained the most, up 2.51% to end at 37,563.50 points.

FML emerged as the day’s highest price loser with 6.25% to close at $24.00, while Axia followed with 1.09% to close at $110.00. OK Zimbabwe fell 0.65% to end at $32.10. Mash Holdings was down 0.41% to $9.21.

The total volume of trades was 1.86 million units worth $511.37 million, which were exchanged in 175 transactions.

Morgan & Co Made In Zimbabwe ETF added $0.0025 to $1.1400. CASS Saddle Agriculture ETF and Morgan & Co Multi Sector ETF remained flat at $1.800 and $23.0000 respectively. Datvest Modified Consumer Staples ETF lost $0.0341 to $1.5259 while Old Mutual ZSE TOP 10 was $0.0526 down at $6.3875.

TIGERE Real Estate Investment Trust gained $6.1300 to close at $47.1100 – Harare

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