• Sun. May 26th, 2024

ZSE gains 2.36% as ZWL depreciates to ZWL5,688/US$


Oct 19, 2023

By ETimes

HARARE – It was another positive day for the Zimbabwe Stock Exchange (ZSE) on Wendesday as it closed higher by 2.36% on the back of sustained buying pressure.

Investor sentiment remained at the stock exchange as there were 14 price gainers and 8 price losers, indicating a positive market breadth.

Accordingly, the ZSE All Share Index gained 2,36 percent to close at 142,798.43 points while market capitalisation increased by 4.70% to $10.90 trillion.

The Top 10 Index jumped 2.56% to close at 63,305.89 points. Cigarette manufacturer BAT was the worst performing stock, declining by 6.36% to close at $13,999.91. EcoCash completed the top five losers set, down 1.44% to close at $132.22.

The Medium Cap Index was up 1.99% to end at 576,900.19 points. Media group Zimpapers led gainers, appreciating by 16.39% to close at $16.65. FML went up 15% to $465.75. Brick maker Willdale rose to $12.60, notching up 14.55% in the process. Meikles added 14.32% to finish at $820,01.

On the other hand, Edgars shed 4.98% to close at $95,37. Cafca fell to $2,350.00 losing 2.07%. Turnall depreciated by 1.92% to end at $25.50.

The Small Cap Index gained the most, up 16.03% to finish at 4,925,114.22 points. Truworths jumped 16.22% to settle at $35.00.

During the session, investors transacted 1.52 million stocks worth $823.66 million in 227 deals.

Delta was the busiest stock, with the sale of 179 100 shares valued at $439.74 million.

Datvest ETF was off 8.73% to settle at $7.1168. The OML ETF gained 2.30% to close at $30.0000. Morgan & Co Multi Sector ETF, Cass Saddle Agriculture ETF and Morgan & Co Made In Zim ETF ended flat at $253.0000, $7.2500 and $7.9000 respectively.

At the auction system, the Zimbabwean dollar depreciated by 0.96% as the dollar was quoted at 5,688.22 against the last close of 5,633.83.

By ETimes

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