• Tue. Apr 23rd, 2024

ZSE down Tuesday as ZWL weakens

ByEconomic Times

Jun 21, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) closed negative on Tuesday as the Zimbabwean dollar continued to weaken on the back of an uncertain economic climate.

The Zimbabwe dollar remained subdued, depreciating by 15.85% against the US dollar on the latest auction system. There have been growing concerns about local political and electricity issues.

The ZSE All Share was 6.64% lower at 168,653.34 points and the Top 10 Index lost 9.78% to 96,703.58 points.

Surprisingly, the Small Cap Index gained the most, up 3.94% to close at 1,213,398.17 points, while the Medium Cap Index jumped 2.89% to end at 376,615.24 points.

Also, market breadth closed positive with 11 stocks on the gainer’s table and 9 on the losers’.

Market turnover stood at $889.07 million after 866,300 shares were exchanged in 284 trades. Investors wealth stands at $13.73 trillion.

The Cass Saddle Agriculture ETF appreciated by 0.36% to $4.8500.

The Datvest ETF suffered the most, falling by 10.78% to $13.3249.

OML ETF lost 9.02% to $47.9901.

Morgan & Co Multi Sector ETF was 3.09% down to $140.5224.

Morgan & Co Made In Zim ETF was flat at $6.4000 – Harare

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