• Wed. Sep 27th, 2023

ZSE extends bullish sentiment to 4 consecutive sessions

ByEconomic Times

Apr 5, 2023

By ETimes

For the fourth consecutive session, trading activities on the Zimbabwe Stock Exchange (ZSE) ended bullish on Friday.

The ZSE All Share Index gained 1.60% to close at 38,568.48 points.

Econet, CBZ and Delta were up 8.21%, 4.91% and 1.72% to close at $267.41, $191.00 and $830.55 respectively. As a result, the Top 10 Index gained the most, up 2.39% to close at 23,081.98 points.

The Medium Cap Index plunged 0.55% to close at 75,307.75 points.

SeedCo Limited was the worst performer, losing 5.48% to close at $217.39. First Capital Bank followed, falling 5.47% to end at $31.95. African Sun eased 1.11% to close at $82.07. FMP fell 0.47% to end at $16.32. Starafrica lost 0.44% to close at $1.51.

On the other hand, Edgars topped the gainers’ table as it appreciated by 13.04% to finish at $26.00. Willdale garnered 7.5% to close at $3.90.

Investors traded 2.77 million shares worth $834.77 million in 127 deals, compared with 2.62 million shares worth $415.96 million transacted in 149 deals on Thursday.

African Sun led the volume chart with 1.21 million units, while Delta led the value chart with deals worth $563.03 million.

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Meanwhile, NMB said discussions were at various stages with five partners for potential additional lines of credit of US$53 million. The stock remained flat at $53.00.

Market capitalisation gained $69,23 billion to close at $3.38 trillion.

Morgan & Co Made In Zimbabwe ETF gained $0.0848 to $2.0048. Morgan & Co Multi Sector ETF traded $1.3075 higher at $329.6425.

Cass Saddle Agriculture ETF and Datvest Modified Consumer Staples ETF remained unchanged at $2.1000 and $1.8600 respectively.

Old Mutual ZSE Top 10 fell by $0.0075 to $10.0000.

On the VFEX, Axia and SeedCo International were down 4.34% and 0.34% to settle at US$0.1100 and US$0.2606 in that order – Harare

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