• Tue. Apr 23rd, 2024

ZSE closes negative, sheds $139.92 billion

ByEconomic Times

Jul 5, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) closed on a negative note on Tuesday, shedding $139.92 billion due to losses in largely capitalised stocks.

The All-Share Index declined by 1% to close at 166,809.69 points. Similarly, the overall market capitalisation value lost $139.92 billion, closing at $13.61 trillion from $13.75 trillion in the previous session.

Losses in CBZ, FBC, OK Zimbabwe and Econet saw the Top 10 Index lose 2.02% to end at 88,617.51 points.

The Medium Cap Index was up 2.01% to end at 452,115.42 points.

Again, the Small Cap Index gained the most, up 5.17% to 2,193,037.49 points.

Conversely, the market breadth was positive, as 17 stocks gained relative to 9 losers.

At close, 82.8 million units, valued at $1.94 billion, and exchanged in 282 deals.

Meanwhile, the Zimbabwe dollar firmed 14.71% against the greenback at a weekly-run central bank auction on Tuesday. It now trades at 5,395 per US dollar, compared with 6,326 last week.

This comes as the business community is sweating over ZWL shortages in the market.

Cass Saddle Agriculture ETF gained by a negligible 0.02% to $5.7500.

Datvest Modified Consumer Staples ETF declined 2.33% to end at $11.7233.

Morgan & Co Made in Zimbabwe jumped 13.33% to $7.9331.

Morgan & Co Multi Sector was flat at $172.7500.

OM ZSE Top-10 ETF fell 1.70% to $39.3197.

Tigere REIT was down by 0.09% to $298.1216.

On the VFEX, Padenga was the only gainer with 6.34% to close at US$0.2180, while Bindura was the biggest faller, down 20% to US$0.0128 after reporting a loss after tax of US$18.5 million – Harare

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