By ETimes
The Zimbabwe Stock Exchange ended trading on a positive note Friday, as market capitalisation gained 3.79% to close at $9.8 trillion amid concerns around the depreciating local currency and thriving informalisation.
Accordingly, the mainstream ZSE All Share Index was up 1.48% to close at 126,642.42 points.
Market breadth strengthened as 14 stocks advanced against 4 decliners.
The Top 10 Index went up by 0.81% to end at 56,010.79 points.
Investors have been strategically positioning themselves and taking advantage of the recent positive earnings posted by quoted firms.
Market turnover declined 76.26% to $1.92 billion.
Transactions in the shares of OK Zimbabwe topped the activity chart with 10.45 million shares valued at $1.25 billion.
Delta followed with 181,900 shares worth $417.56 million.
On the VFEX, First Capital Bank led the gainers, up 8.48% to settle at US$0.0271. Hotelier African Sun followed, rising by 8.48% to close at US$0.0360. Innscor Africa Limited was 3.39% higher at US$0.5210. Simbisa added 0.30% to US$0.3993.