• Wed. Jun 12th, 2024

ZSE close week positive as benchmark index rises 1.48%

ByETimes

Oct 2, 2023

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.

By ETimes

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