• Mon. Apr 15th, 2024

ZSE closes on positive note, up by 0.64%

ByEconomic Times

Oct 29, 2022

By ETimes

The ZSE closed 0.64% higher, occasioned by gains in Econet and Innscor and selected mid-tier stocks.

The market breadth closed positive as Axia led 10 gainers and 8 losers, topped by Dairibord at the end of today’s session.



At close, the mainstream ZSE All Share Index, thus, gained further to 14,933.47 points as against its previous close of 14,838.12 points.

Gains in Econet and Innscor saw the Top 10 Index rise 0.41% to close at 8,810.56 points. Econet rose 1.66% to $86.41 while Innscor added 1.58% to end at $325.04.

On the flip side, Simbisa eased 0.64% to $240.00.

On the price movement chart, Axia emerged the highest gainer, adding 13.02% to its share price to close at $80.23 per share. It was followed by Art, which rose by 12.96% to finish at $17.00. Mash Holdings was up 6.19% to $8.00.

The Medium Cap Index recovered 1.19% to 32,839.64 points.

At the other end, Dairibord suffered the heaviest loss, declining by 3.52% to settle at $48.00 per share. Hospitality group RTG, fell 1.43% to $7.88. Starafrica plunged 0.51% to $1.80.

The Small Cap Index retreated 0.32% to close at 523,569.99 points. Brick maker Willdale fell 1.03% to $2.87.

Market capitalisation increased 0.64% to $1.83 trillion.

Turnover rose 43.40% to $213.35 million. A total of 729,000 shares of Delta were sold on the floor of the ZSE on Friday, valued at $170,760,600. Simbisa traded 86,200 shares worth $20,688,410.

The Morgan & Co Made in Zim was up 13.21% to close at $1.2000 while the OM ZSE Top-10 ETF gained 1.11% to end at $5.4858. On the downside, the Datvest ETF eased 0.05% to $1.7429. Others remained flat – Harare
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