• Tue. Jul 16th, 2024

ZSE gains $76,17bn in midweek session


Oct 27, 2023

By ETimes

The Zimbabwe Stock Exchange closed in positive territory on Wednesday as investors raked in $76,17 billion to push the market value to $11,67 trillion.

Today’s performance comes as observers say a stable currency will allow for a more rapid recovery in the performance of listed companies in the medium term.

Investor sentiment buoyed the upward trajectory witnessed at the local bourse as the market finished with 6 price losers and 10 price gainers.

The mainstream ZSE All Share Index gained 0,70 percent to close at 148,170.05 points.

The Top 10 Index was up 0,86 percent to 65,084.16 points.

Delta went up 2,51 percent to $2,591.69.

On the other hand, CBZ shed 1,61 percent to close at $1,780.90. BAT fell to $13,892.85 losing 0,76 percent. EcoCash depreciated by 0,73 percent to end at $138,93.

The Medium Cap Index added 0,35 percent to close at 611,156.93 points.

FMP led gainers, appreciating by 3,77 percent apiece to close at $137,07. Dairibord jumped 3,48 percent to settle at $476,00. SeedCo Limited rose to $740.00, notching up 1,01 percent in the process. FBC added 0,75 percent to finish at $753.92.

Edgars was the worst performing stock, declining by 8,46 percent to close at $87,33. Starafrica completed the top five losers set, down 0,11 percent to close at $4,96.

The Small Cap Index was flat at 4,925,114.22 points.

Meanwhile, a turnover of $1,98 billion shares exchanged in 242 deals was recorded in the day’s trading.

Datvest ETF was flat at $7,2400. The OML ETF did not trade at $32,6000. Morgan & Co Multi Sector ETF, Cass Saddle Agriculture ETF and Morgan & Co Made In Zim ETF ended flat at $250,0000, $7,2500 and $6,7800 respectively.

By ETimes

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