• Mon. Mar 4th, 2024

ZSE fall for third straight day

ByEconomic Times

Feb 16, 2023

By ETimes

The Zimbabwe Stock Exchange depreciated for the third consecutive day on Wednesday as the benchmark index dipped by 2.27%.

The ZSE All-Share Index dropped 656.98 points to 28,325.82 points, while market capitalisation eased by $79.88 billion to $3.04 trillion.

Turnover increased by 147.56% to $1.66 billion, mainly coming from Delta at $988.38 million and Innscor at $489.83 million.

The Top 10 Index suffered the most, falling 3.47% to close at 17,567.80 points. Beverage maker Delta was the worst-performing stock, declining by 7.14% to close at $540.77. Telecoms giant Econet shed 6.11% to close at $204.39.

OK Zimbabwe, on the other hand, rounded out the top five gainers, rising by 5.37% to $54,74.

The country’s biggest bank, CBZ, gained 0.45% to end at $145.66. American Chamber of Commerce in Zimbabwe (AmCham) chairman Marc Holtzman, who is also CBZ Holdings’ chairman, has been appointed the new chairman of the Victoria Falls International (OFFSHORE) Financial Services Centre.

“Mr. Holtzman brings a wealth of relevant offshore banking experience to the Victoria Falls International (Offshore) Financial Services Centre drawn from his long, high-level career in offshore financial services and investment banking across the globe,” Finance Minister Mthuli Ncube said in a statement.

The Medium Cap Index was the only gainer, up 1% to close at 56,642.74 points. Brick maker Willdale led gainers, appreciating by 10.33% to close at $2.86. Clothing retailer Edgars went up 10.09% to $12.00. Hotelier African Sun rose to $59.57, notching up 9.02% in the process. Horticulture exporter Ariston added 8.06% to end trade at $4.50.

Losses were recorded in hospitality group RTG, which fell to $10.08, losing 3.97%; SeedCo Limited slid to $223.33, recording 2.90% depreciation; and Getbucks closed at $22.50, going down by 2.17%.

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The Datvest ETF surged by 3.21% to finish at $1,5482.

The Morgan & Co Made Multi Sector ETF depreciated by 10.34% to end at $22.4053, while the Cass Saddle Agriculture ETF was off 6.64% to close at 2.1005. The Morgan & Co Made In Zim ETF fell 1.48% to close at $1.2781. The OML ETF eased 0.01% to close at $9.0039.

Tigere REIT declined by 0.11% to $50.0155 – Harare

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