• Mon. Apr 15th, 2024

ZSE in 1pc gain in midweek trades

ByEconomic Times

May 4, 2023

By ETimes

The ZSE All Share Index gained one percent to close at 43,026.94 points.

CBZ led gainers, appreciating by 15 percent to close at $253,00. TSL jumped 14,93 percent to end at $117.80. Ariston went up 9,24 percent to $11.00. OK Zimbabwe rose to $61.96, notching up 6,32 percent in the process.

First Capital Bank added 0,95 percent to end trade at $36.93.

Proplastics was the worst performing stock, declining by 3,98 percent to close at $169.95. FMP shed 2,53 percent to close at $19.54.

Starafrica fell to $2.30, losing 2,19 percent. Dairibord slid to $139.09 recording 0,93 percent depreciation. EcoCash eased 0,73 percent to close at $69.99.

Old Mutual ZSE Top 10 recovered $0.5406 to $9.2750 and Datvest Modified Consumer Staples ETF increased by $0.2085 to close at $1.9701. Morgan & Co Multi Sector ETF. Morgan & Co Made In Zimbabwe ETF and Cass Saddle Agriculture ETF remained flat at $30.1370, $2.0000 and $2.0500 respectively.

Tigere REIT ticked $0.0010 up to close at $50.4510.

Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the US economy ahead of an expected Federal Reserve interest-rate hike later in the day.

Brent futures fell US$1.07, or 1.4%, to US$74.25 a barrel, while West Texas Intermediate (WTI) crude fell US$1.15, or 1.6%, to US$70.51.

Gold prices held steady above the key US$2,000/oz level on Wednesday, while investors turned their attention to the US Federal Reserve’s interest rate decision due later in the day.

Spot gold held its ground at US$2,017.54/oz after rising more than 1% in the previous session, as yields dropped on the renewed fear of contagion in the US banking sector.

US gold futures were up 0.2% at US$2,026.50/oz and spot silver dipped 0.3% at US$25.32/oz whilst platinum fell 0.5% to US$1,060.16, and palladium gained 0.6% to US$1,437.33 – Harare

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