• Tue. Jul 16th, 2024

ZSE begins week positive, gains $57.51bn

ByEconomic Times

Feb 7, 2023

By ETimes

The Zimbabwe Stock Exchange continued with its upward trend for eight consecutive sessions, with investors recording $57.51 billion in gains at the close of trade.

Analysis of the trading activity showed that the value of all listed equities (market capitalisation) rose by 2.15% to close at $2.73 trillion from $2.67 trillion previously.

A total of 14 stocks appreciated in price while nine recorded price declines.

Specifically, the ZSE All-Share Index rose 2.27% to close at 25,345.22 points.

The Top 10 Index gained the most, 2.06%, to end at 15,536.68 points. Econet was up 7.3% to finish at $156.23.

SeedCo Limited recorded the highest price gain of 14.67% to close at $249.98. RioZim followed with a gain of 14.16% to close at $160.00, while Nampak surged 7.14% to close at $15.00.

First Capital Bank went up by 5.14% to close at $15.00.

As a result, the Medium Cap Index gained 1.40% to close at 51,419.50 points.

On the other hand, Starafrica led the losers’ chart by 6.43%, to close at $1.80. African Sun followed with a decline of 5.91% to close at $33.87, while Willdale lost 1.63% to close at $3.00. FMP shed 1.32% to end at $15.00.

GB Holdings fell 5.75% to close at $1.60. The Small Cap Index was down 0.38% to close at 503,052.75 points.

Meanwhile, the total volume traded stood at 1.84 million shares, worth $419.88 million, and traded in 218 deals.

Old Mutual ZSE Top 10 retreated by $0.1371 to $7.7107. Datvest Modified Consumer Staples ETF gained $0.0556 to $1.5252 and Morgan & Co Multi Sector ETF recovered $0.6667 to close at $24.6667.

CASS Saddle Agriculture ETF traded unchanged at $2.2500 and Morgan & Co Made In Zimbabwe ETF was also unchanged at $1.3000.

Tigere REIT remained flat at $50.6200 – Harare

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